Back to top

Image: Bigstock

ExxonMobil (XOM) Beats on Q1 Earnings Estimates

Read MoreHide Full Article

Irving, TX-based ExxonMobil Corporation (XOM - 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 #3 (Hold) but that could change following its first quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank stocks here.

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 with an average positive earnings surprise of 11.91%.     

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

Earnings: ExxonMobil beats on earnings. Earnings per share came in at 95 cents, above the Zacks Consensus Estimate of 85 cents.

Revenue: Revenues misses expectations. Revenues of $63,287 million were lower than the Zacks Consensus Estimate of $64,354 million.

Key Stats: Production averaged 4.151 million barrels of oil-equivalent per day (MMBOE/d), down 4% year over year. Liquid production fell 8% year over year to 2.333 million barrels per day. However, natural gas production was 10.908 MMCF/d (millions of cubic feet per day), up almost 2% from the year-ago period.

ExxonMobil's refinery throughput averaged 4.3 million barrels per day (MMB/D), up by 2.4% from the year-earlier level.

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

The Best & Worst of Zacks

Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 ""Strong Buys"" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 ""Strong Sells."" Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market.  See these critical buys and sells free >>  


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Exxon Mobil Corporation (XOM) - free report >>