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Irving, TX-based ExxonMobil Corporation (XOM - Free Report) is the world’s best run integrated oil company based on its track record of high return on capital employed. The energy giant has long been a core holding for investors seeking defensive as well as continued dividend growth. The company divides its operations into three segments: Upstream, Downstream and Chemicals.
Coming to earnings surprise history, the company has a track record of delivering positive earnings surprises. It has beaten the Zacks Consensus Estimate in three of the last four quarters with an average positive earnings surprise of 8.94%.
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 93 cents, above the Zacks Consensus Estimate of 89 cents.
Revenue: Revenues beats expectations. Revenues of $66,165 million were higher than the Zacks Consensus Estimate of $63,508 million.
Key Stats: Production averaged 3.878 million barrels of oil-equivalent per day (MMBOE/d), marginally higher than 3.811 MMBOE/d in the year-ago quarter. Liquid production improved slightly year over year to 2.280 million barrels per day. However, natural gas production was 9.585 MMCF/d (millions of cubic feet per day), down from 9.601 MMCF/d in the year-ago period.
Check back later for our full write up on this ExxonMobil’s earnings report later!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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ExxonMobil (XOM) Beats on Q3 Earnings & Revenues
Irving, TX-based ExxonMobil Corporation (XOM - Free Report) is the world’s best run integrated oil company based on its track record of high return on capital employed. The energy giant has long been a core holding for investors seeking defensive as well as continued dividend growth. The company divides its operations into three segments: Upstream, Downstream and Chemicals.
Currently, ExxonMobil has a Zacks Rank #2 (Buy). 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 the Zacks Consensus Estimate in three of the last four quarters with an average positive earnings surprise of 8.94%.
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 93 cents, above the Zacks Consensus Estimate of 89 cents.
Revenue: Revenues beats expectations. Revenues of $66,165 million were higher than the Zacks Consensus Estimate of $63,508 million.
Key Stats: Production averaged 3.878 million barrels of oil-equivalent per day (MMBOE/d), marginally higher than 3.811 MMBOE/d in the year-ago quarter. Liquid production improved slightly year over year to 2.280 million barrels per day. However, natural gas production was 9.585 MMCF/d (millions of cubic feet per day), down from 9.601 MMCF/d in the year-ago period.
Check back later for our full write up on this ExxonMobil’s earnings report later!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>