Last Friday, Exxon Mobil Corporation (XOM) reported fourth-quarter 2024 earnings that exceeded expectations, driven by stellar production from Guyana and Permian, contributing to a strong business outlook.Find the latest earnings estimates and surprises on Zacks Earnings Calendar.Before analyzing the factors driving this positive outlook, let’s first review the fourth-quarter results.XOM’s Q4 Earnings SnapshotExxonMobil reported earnings per share of $1.67 (excluding identified items), which beat the Zacks ...

ExxonMobil (XOM 0.24%) has built a premier oil company. The energy giant has an unrivaled asset base. It controls a treasure trove of low-cost oil and gas around the world. The company also has an integrated products solutions business in chemicals and refining that enables it to maximize nearly every molecule of hydrocarbons it produces. The oil company's competitively advantaged asset base has enabled it to produce unrivaled earnings and returns compared to its peers in the oil patch. Here's a closer look ...

For the quarter ended December 2024, Exxon Mobil (XOM) reported revenue of $83.43 billion, down 1.1% over the same period last year. EPS came in at $1.67, compared to $2.48 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $87.12 billion, representing a surprise of -4.24%. The company delivered an EPS surprise of +7.74%, with the consensus EPS estimate being $1.55.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ho ...

Exxon Mobil Corporation (XOM) is reinforcing its dominance in the Guyana offshore oil sector, with an objective to reach 2.3 million barrels per day (bpd) of production by 2030. The U.S. energy major continues to ramp up its operations in the Stabroek Block, one of the world’s most prolific oil discoveries in recent years.ExxonMobil’s rapid production growth in Guyana is fueled by 40 reservoirs that have been identified across its offshore Stabroek Block. Current production has already reached a record 650, ...

Retirement is complicated and you only get once chance to do it right. Don't miss out because you didn't know what was out there.The Retirement Forum provides actionable ideals, a high-yield safe retirement portfolio, and macroeconomic outlooks, all to help you maximize your capital and your income. We search the entire market to help you maximize returns.Exxon Mobil (NYSE: XOM ) is one of the largest publicly traded oil companies in the world, with an almost $500 billion market capitalization. The company ...

Exxon Mobil (NYSE: XOM ) recently reported Q4 earnings that slightly exceed analyst estimates. The company looks to continue to develop its FCF growth through the recently acquired Pioneer acreage while also driving developments in offshore Guyana.I am a Licensed Professional Engineer who works in the Nuclear Power industry. I use my professional working knowledge of the power/energy industries to aid in evaluating potential equities worthy of long-term investment. I invest in income producing equities and ...

ExxonMobil (XOM -2.50%) is a powerhouse in the oil patch. The oil giant delivered an industry-leading financial performance last year, producing over $33 billion in earnings and $55 billion in cash flow from operations. That was its third-best performance over the past decade.What's remarkable about Exxon's success last year is that it achieved such strong results without a big boost from commodity prices. Instead, the company's business transformation strategy helped fuel its strong year.A strong year desp ...

I analyze oil and gas companies like Exxon Mobil and related companies in my service, Oil & Gas Value Research, where I look for undervalued names in the oil and gas space. I break down everything you need to know about these companies -- the balance sheet, competitive position and development prospects. This article is an example of what I do. But for Oil & Gas Value Research members, they get it first and they get analysis on some companies that is not published on the free site. Interested? Sign up here ...

4Q 2024 Earnings Call ExxonMobil January 31, 2025 1 Cautionary statement FORWARD-LOOKING STATEMENTS. Statements of future events, conditions, expectations, plans, future earnings power, potential addressable markets, ambitions, or results in this presentation or the subsequent discussion period are forward-looking statements. Similarly, discussions of future carbon capture, transportation, and storage, as well as biofuels, hydrogen, ammonia, lithium, direct air capture, and other low carbon business plans t ...

Key TakeawaysExxonMobil on Friday reported lower revenue but higher profits than expected for the final quarter of 2024.The oil and gas giant said it reached 4.33 million oil equivalent barrels per day in 2024, its highest production in over a decade.The company's stock moved lower in Friday morning trading. ExxonMobil's profits topped analyst estimates despite lower revenue than expected for the fourth quarter as the oil and gas giant said its production in 2024 hit its highest level in over a decade. Exxo ...