Exxon Mobil is working on technology to directly remove carbon dioxide from the atmosphere with the goal slashing sky-high costs by half, CEO Darren Woods said Friday.Woods said direct air capture technology holds huge long-term potential as a tool to address climate change, but is currently unaffordable at scale with the removal of atmospheric emissions costing between $600 to $1,000 per ton."If you tried to apply that across the emissions challenge the planet has, the world won't be able to pay for that," ...

Exxon Mobil Corporation (NYSE:XOM) Q1 2024 Earnings Conference Call April 26, 2024 8:30 AM ET Company Participants Darren Woods - Chairman, Chief Executive Officer Kathy Mikells - Senior Vice President, Chief Financial Officer Marina Matselinskaya - Director of Investor Relations Conference Call Participants Devin McDermott - Morgan Stanley Neil Mehta - Goldman Sachs Roger Reed - Wells Fargo Betty Jiang – Barclays Bob Brackett - Bernstein Research. Jason Gabelman - TD Cowen Ryan Todd - Piper Sandler Step ...

Exxon Mobil (XOM) came out with quarterly earnings of $2.06 per share, missing the Zacks Consensus Estimate of $2.19 per share. This compares to earnings of $2.83 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.94%. A quarter ago, it was expected that this oil and natural gas company would post earnings of $2.21 per share when it actually produced earnings of $2.48, delivering a surprise of 12.22%.Over the last four quarter ...

Key TakeawaysExxonMobil shares fell in early trading Friday as the company posted larger profit declines than analysts expected.Lower natural gas prices and slimmer margins on refined products impacted the company's margins, but higher-than-expected production from investments like Exxon's operations in Guyana helped boost revenue.Another oil and gas giant, Chevron, also reported earnings Friday and saw its stock slip. Shares of ExxonMobil (XOM) slipped in early trading Friday as the oil and gas giant repor ...

Exxon Mobil Corporation (XOM) reported first-quarter 2024 earnings per share of $2.06 (excluding identified items), which missed the Zacks Consensus Estimate of $2.19. The bottom line also declined from the year-ago level of $2.83.Total quarterly revenues of $83,083 million missed the Zacks Consensus Estimate of $86,599 million. The top line also deteriorated from the year-ago quarter’s figure of $86,564 million.Weak quarterly results primarily resulted from lower realizations of natural gas prices and decr ...

An Exxon gas station is seen on October 06, 2023 in the Brooklyn borough of New York City.Exxon Mobil on Thursday reported first-quarter earnings that missed expectations as the industry came under pressure from eroding refining margins and collapsing natural gas prices.Here is what Exxon reported for the first quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: $2.06 vs. $2.20 expectedRevenue: $83.08 billion vs. $78.35 billion expected.The nation ...

Investors are always looking for stocks that are poised to beat at earnings season and Exxon Mobil Corporation (XOM) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because ExxonMobil is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty ...

With Exxon Mobil Corp (NYSE: XOM) gearing up to unveil its first-quarter earnings report, investors are eyeing the horizon with anticipation. As the energy behemoth steps into the earnings spotlight, projections and expectations loom large.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Analysts have already made their predictions, estimating that Exxon Mobil will bring in around $81 billion in revenue for the January to March period. However, this es ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?Devel ...

Eyes are now on Exxon Mobil Corporation (XOM) , which is scheduled to report first-quarter 2024 earnings on Apr 26, before the opening bell. Some investors may be deliberating whether to purchase the stock of the leading integrated energy company before Friday or wait for a better entry point, as an erroneous decision could significantly affect portfolio gains.Incredible Price PerformanceExxonMobil has proven to be incredibly rewarding since the beginning of the year, gaining 21.7% year to date, surpassing ...