Exxon Mobil's efficiency drive has resulted in a strong financial performance. CEO Darren Woods highlighted the company's unmatched value delivery of dividends, stock price appreciation, and share repurchases. The company's return on capital employed remained robust, justifying a premium valuation even in challenging times.
Exxon Mobil Corporation (NYSE:XOM ) Q4 2024 Earnings Conference Call January 31, 2024 9:30 AM ET Corporate Participants Jim Chapman - Treasurer, and Vice President of Investor Relations Darren Woods - Chairman, and Chief Executive Officer Kathy Mikells - Senior Vice President, and Chief Financial Officer Conference Call Participants Neil Mehta - Goldman Sachs John Royall - JPMorgan Betty Jiang - Barclays Capital Devin McDermott - Morgan Stanley Doug Leggett - Wolfe Research Steve Richardson - Evercore ISI Jean Ann Salisbury - Bank of America Bob Brackett - Bernstein Research Neal Dingmann - Truist Securities Roger Read - Wells Fargo Paul Cheng - Scotiabank Ryan Todd - Piper Sandler Biraj Borkhataria - Royal Bank of Canada Jason Gabelman - TD Cowen Jim Chapman Good morning, everyone. Welcome to ExxonMobil's fourth quarter 2024 earnings call.
ExxonMobil's profits topped analyst estimates despite lower revenue than expected for the fourth quarter as the oil and gas giant said its production in 2024 hit its highest level in over a decade.
XOM Q4 earnings gain on production growth from its Guyana and Permian Basin resources. Revenues decline year over year due to lower commodity price realizations.
Global energy giant ExxonMobil (XOM 0.83%) reported mixed fourth-quarter 2024 results on Friday, Jan. 31. Stronger-than-anticipated earnings resulted in adjusted EPS of $1.67, surpassing market estimates of $1.55.
Exxon Mobil chairman and CEO Darren Woods joins 'Squawk Box' to discuss the company's quarterly earnings results, energy production outlook, the company's capex spending, state of Hess Guyana oil assets, world oil demand outlook, and more.
Exxon Mobil (XOM) came out with quarterly earnings of $1.67 per share, beating the Zacks Consensus Estimate of $1.55 per share. This compares to earnings of $2.48 per share a year ago.
Exxon Mobil's stock gained ground after quarterly profit and free cash flow beat expectations, and production rose, while revenue fell short of forecasts.
Exxon Mobil Corporation exceeded Wall Street's expectations for its fourth-quarter profit, reporting strong financial results despite challenges such as lower oil prices and weaker refining margins. The company's success can be attributed to a significant increase in oil and gas production, which effectively compensated for the decrease in prices and refining margins.
CNBC's Becky Quick reports on the company's quarterly earnings results.
Exxon Mobil on Friday beat Wall Street's estimate for fourth-quarter profit as higher oil and gas production offset lower oil prices and weaker refining margins.
Exxon Mobil Corp XOM will be reporting its fourth-quarter earnings on Friday. Wall Street expects $1.56 in EPS and $86.63 billion in revenues as the company reports before market hours.