Exxon Mobil (XOM) came out with quarterly earnings of $2.14 per share, beating the Zacks Consensus Estimate of $2.04 per share. This compares to earnings of $1.94 per share a year ago.
Exxon Mobil Corp.'s stock XOM, -1.38% rose fractionally in premarket trading on Friday after the oil giant said its second-quarter profit rose 17% and topped analyst estimates. Exxon reported second-quarter net income of $9.24 billion, or $2.14 a share, up from $7.88 billion, or $1.94 a share, in the year-ago quarter.
Exxon Mobil banked one of its highest-ever profits for a second quarter, bolstered by rising production and fuel sales, and despite anemic natural-gas prices.
Exxon Mobil on Friday posted a better-than-expected $9.2 billion second-quarter profit based on rising output from its purchase this year of shale oil firm Pioneer Natural Resources.
ExxonMobil on Friday posted its second highest results for the second quarter in the past decade, helped by record production in Guyana and the Permian Basin.
Exxon Mobil Corporation XOM is set to release earnings results for its second quarter, before the opening bell on Aug. 2, 2024.
Exxon Mobil (NYSE: XOM), a leading explorer, producer, transporter, and seller of crude oil and natural gas, and North America's largest energy company by market cap, is scheduled to announce its fiscal second-quarter results on Friday, August 2. We expect Exxon Mobil stock to likely trade sideways due to mixed Q2 results with revenue missing but earnings beating market expectations marginally.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
The merger with Pioneer Natural increases ExxonMobil's (XOM) debt load. Chevron (CVX), however, has successfully started extracting oil from the Mad Dog 2 project in the Gulf of Mexico.
The merger with Pioneer Natural increases ExxonMobil's (XOM) debt load. Low gas prices and unfavorable industry margins might have adversely impacted XOM's Q2 earnings.
Exxon is partnering with Air Liquide on its proposed Baytown lower-carbon hydrogen and ammonium production facility The project could enable the oil giant to start capturing a massive future market opportunity. Hydrogen is one of several lower-carbon opportunities it aims to capture.
Exxon Mobil (XOM) reachead $116.10 at the closing of the latest trading day, reflecting a -1.05% change compared to its last close.