Irving, TX-based ExxonMobil Corporation (XOM Quick QuoteXOM - Free Report) is the world’s largest publicly traded oil company, engaged in oil and natural gas exploration and production, petroleum products refining and marketing, chemicals manufacture, and other energy-related businesses. The company divides its operations into three segments: Upstream, Downstream and Chemicals.

Currently, ExxonMobil has a Zacks Rank #2 (Buy) but that could change following its second quarter 2016 earnings report which has just released. Coming to earnings surprise history, the company has a track record of delivering positive earnings surprises. It has beaten estimates in three of the last four quarters at an average rate of 15.46%.
 

EXXON MOBIL CRP Price and EPS Surprise

EXXON MOBIL CRP Price and EPS Surprise | EXXON MOBIL CRP Quote

We have highlighted some of the key quarterly details from the just-released announcement below:

Earnings: ExxonMobil misses on earnings. Earnings per share came in at 41 cents, below the Zacks Consensus Estimate of 64 cents.

Revenue: Revenues below expectations. Revenues of $57,694 million were lower than the Zacks Consensus Estimate of $59,834 million.

Key Stats: Production averaged 3.957 million barrels of oil-equivalent per day (MMBOE/d), down 0.6% year over year. Liquid production increased 1.7% year over year to 2.330 million barrels per day. Natural gas production was 9,762 MCF/d (millions of cubic feet per day), down 3.6% from the year-ago period.

ExxonMobil's refinery throughput averaged 4.2 million barrels per day (MMBPD), down 4.1% from the year-earlier level.

Check back later for our full write up on this ExxonMobil’s earnings report later!

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