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.
The acquisition of Pioneer Natural boosts XOM's production capabilities in the Permian Basin due to its exceptionally low production costs.
XOM begins exploratory drilling offshore Cyprus at the Electra prospect. The region has shown promising results, as highlighted by XOM?
The recent downgrades in EPS/revenue revisions for Exxon's Q4 earnings (and beyond) increase the odds of another beating, in my opinion. The Company's Q3 2024 financials showed stable revenue and strong segment performance, with significant cost savings and solid margins. XOM continues to reward shareholders with a 4% YoY dividend increase, maintaining a strong track record of total shareholder returns.