ExxonMobil (XOM) Q4 Earnings Beat Estimates, Revenues Fall Y/Y

Exxon Mobil Corporation (XOM) reported fourth-quarter 2023 earnings per share of $2.48 (excluding identified items), which beat the Zacks Consensus Estimate of $2.21. However, the bottom line declined from the year-ago level of $3.40.Total quarterly revenues of $84,344 million missed the Zacks Consensus Estimate of $91,814 million and also declined from the year-ago quarter’s figure of $95,429 million.Better-than-expected quarterly earnings primarily resulted from increased liquids production. The positives ...