Exxon (XOM) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates

Core Viewpoint - Analysts expect Exxon Mobil (XOM) to report quarterly earnings of $1.49 per share, reflecting a year-over-year decline of 30.4%, with revenues projected at $82.82 billion, down 11% from the previous year [1] Earnings Estimates - The consensus EPS estimate has been revised 10.7% higher in the last 30 days, indicating a collective reevaluation by analysts [1][2] Revenue Projections - Analysts estimate 'Revenues- Other income' to be $618.89 million, a decrease of 53.5% year over year [4] - 'Revenues- Sales and other operating revenue' is projected at $80.11 billion, down 11% year over year [4] - 'Revenues- Income from equity affiliates' is expected to reach $1.56 billion, indicating a decline of 10.4% [4] Segment Analysis - 'Revenues- Sales and other operating revenue- Energy Products' is forecasted at $61.18 billion, down 11.9% from the year-ago quarter [5] - 'Revenues- Sales and other operating revenue- Energy Products- United States' is estimated at $24.24 billion, reflecting an 8.2% decline [5] - 'Revenues- Sales and other operating revenue- Energy Products- Non-U.S.' is projected at $36.94 billion, down 14.1% [6] - 'Revenues- Sales and other operating revenue- Chemical Products- United States' is expected to be $1.97 billion, a decrease of 11.2% [6] Upstream and Production Metrics - 'Revenues- Sales and other operating revenue- Upstream- United States' is estimated at $6.04 billion, down 10.3% year over year [7] - Oil-equivalent production per day is projected to reach 4,547 thousand barrels, compared to 4,358 thousand barrels in the same quarter last year [7] - Natural gas production available for sale per day in Europe is expected to be 285 thousand cubic feet, down from 331 thousand cubic feet reported last year [8] - For Africa, natural gas production is projected at 147 thousand cubic feet per day, down from 167 thousand cubic feet last year [9] - In Asia, natural gas production is expected to be 3,328 thousand cubic feet per day, down from 3,486 thousand cubic feet reported last year [9] Stock Performance - Exxon's shares have changed by +3.4% in the past month, compared to a +3.6% move of the Zacks S&P 500 composite [10]