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ExxonMobil (XOM) Misses Earnings Estimates in Q2

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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 #4 (Sell) but that could change following its second 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 1.46%.      

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 78 cents, below the Zacks Consensus Estimate of 83 cents.

Price Movement: Following Q2 earnings miss the company fell almost 2% in the premarket trading.

Revenue: Revenues beats expectations. Revenues of $62,876 million were higher than the Zacks Consensus Estimate of $61,157 million.  

Key Stats: Production averaged 3.922 million barrels of oil-equivalent per day (MMBOE/d), in-line with the year-ago quarter. Liquid production fell slightly year over year to 2.269 million barrels per day. However, natural gas production was 9.920 MMCF/d (millions of cubic feet per day), up almost 2% from the year-ago period.

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

Exxon Mobil Corporation Price and EPS Surprise


Exxon Mobil Corporation Price and EPS Surprise | Exxon Mobil Corporation Quote

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