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 third quarter 2016 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 at an average rate of 8.95%.
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 63 cents, above the Zacks Consensus Estimate of 60 cents.
Revenue: Revenues misses expectations. Revenues of $58,677 million were lower than the Zacks Consensus Estimate of $60,562 million.
Key Stats:Production averaged 3.811 million barrels of oil-equivalent per day (MMBOE/d), down 2.7% year over year. Liquid production fell 5.2% year over year to 2.211 million barrels per day. Natural gas production, however, was 9.601 MMCF/d (millions of cubic feet per day), up slightly 0.8% from the year-ago period.
ExxonMobil's refinery throughput averaged 4.4 million barrels per day (MMB/D), down 2.1% from the year-earlier level.
Check back later for our full write up on this ExxonMobil’s earnings report later!
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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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 third quarter 2016 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 at an average rate of 8.95%.
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 63 cents, above the Zacks Consensus Estimate of 60 cents.
Revenue: Revenues misses expectations. Revenues of $58,677 million were lower than the Zacks Consensus Estimate of $60,562 million.
Key Stats:Production averaged 3.811 million barrels of oil-equivalent per day (MMBOE/d), down 2.7% year over year. Liquid production fell 5.2% year over year to 2.211 million barrels per day. Natural gas production, however, was 9.601 MMCF/d (millions of cubic feet per day), up slightly 0.8% from the year-ago period.
ExxonMobil's refinery throughput averaged 4.4 million barrels per day (MMB/D), down 2.1% from the year-earlier level.
Check back later for our full write up on this ExxonMobil’s earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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