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Exxon Mobil Corporation (XOM)
Last exxon mobil corporation earnings: 5/1 07:34 am
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Source: Yahoo! Finance
Exxon Mobil's (XOM) first-quarter earnings declined annually and missed market estimates, impacted by lower oil refining margins and natural gas prices. The oil giant on Friday posted adjusted earnings of $2.06 per share in the March quarter, dropping from $2.83 the year before and trailing the Capital IQ-polled consensus of $2.18. Industry refining margins and natural gas prices decreased from last year's highs, while timing effects from unsettled derivative mark-to-market impacts, other main non-cash impacts and divestments weighed on the bottom line. Total revenue and other income fell to $83.08 billion from $86.56 billion, topping the Street's view for $81.51 billion. "We delivered a strong quarter with continued growth in advantaged assets," Chief Executive Darren Woods said in a statement. "In Product Solutions, our strong turnaround performance on cost and schedule helped drive record first-quarter refining throughput." Upstream segment earnings declined to $5.66 billion
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XOM
News
- Exxon will likely still be producing oil & gas in 2050: Exxon CEO [Yahoo! Finance]Yahoo! Finance
- ExxonMobil's (XOM) Optimism Forwards Rovuma LNG Project [Yahoo! Finance]Yahoo! Finance
- Stocks rise to start the week, Exxon & IBM CEOs speak to Yahoo Finance [Yahoo! Finance]Yahoo! Finance
- U.S. February Oil Production Rebounds [Seeking Alpha]Seeking Alpha
- Exxon CEO says dispute with Chevron over Hess Guyana oil assets could drag into 2025 [MSNBC.com]MSNBC.com
XOM
Earnings
- 4/26/24 - Miss
XOM
Sec Filings
- 5/6/24 - Form PX14A6G
- 5/6/24 - Form 3
- 5/3/24 - Form S-8
- XOM's page on the SEC website