Exxon Mobil Corporation (XOM) reported fourth-quarter 2024 earnings per share of $1.67 (excluding identified items), which beat the Zacks Consensus Estimate of $1.55. The bottom line, however, declined from the year-ago level of $2.48.Total quarterly revenues of $83.4 billion missed the Zacks Consensus Estimate of $87.1 billion. The top line also decreased from the year-ago figure of $84.3 billion.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Better-than-expected quarterly earnings ...

ExxonMobil surpassed earnings expectations, but revenue fell short, highlighting the fourth quarter's achievements and challenges.Global energy giant ExxonMobil (XOM 0.83%) reported mixed fourth-quarter 2024 results on Friday, Jan. 31. Stronger-than-anticipated earnings resulted in adjusted EPS of $1.67, surpassing market estimates of $1.55. However, total revenue for the quarter was $83.4 billion, falling short of the anticipated $86.33 billion. Free cash flow of $8 billion came in well ahead of analyst es ...

Exxon Mobil (XOM) came out with quarterly earnings of $1.67 per share, beating the Zacks Consensus Estimate of $1.55 per share. This compares to earnings of $2.48 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.74%. A quarter ago, it was expected that this oil and natural gas company would post earnings of $1.91 per share when it actually produced earnings of $1.92, delivering a surprise of 0.52%.Over the last four quarters, ...

Group 1 - Exxon Mobil Corp is set to report its fourth-quarter earnings, with Wall Street expecting an EPS of $1.56 and revenues of $86.63 billion [1] - The stock has increased by 3.98% over the past year and 1.59% year-to-date [1] Group 2 - Exxon Mobil stock is currently in a strongly bearish trend, trading below key moving averages, including the eight-day ($109.47), 20-day ($109.13), 50-day ($111.65), and 200-day ($115.42) [2] - The MACD indicator at negative 0.38 indicates continued downside momentum, while the RSI at 47.38 suggests the stock is nearing oversold territory [3] Group 3 - Analysts have a consensus rating of "Buy" for Exxon Mobil stock, with a price target of $128.04, indicating a potential upside of 13.5% [4] - At the time of publication, Exxon Mobil stock was trading at $109.54, reflecting a 0.82% increase [4]

Core Viewpoint - Exxon Mobil Corporation (XOM) is expected to report a significant decline in fourth-quarter earnings for 2024, with a consensus estimate of $1.58 per share, reflecting a 36.3% decrease from the previous year [2] Financial Performance - The Zacks Consensus Estimate for fourth-quarter revenues is projected at $87.1 billion, indicating a 3.3% increase compared to the same period last year [2] - XOM has beaten earnings estimates in three of the last four quarters, with an average surprise of 2.9% [3] Earnings Expectations - The company has an Earnings ESP of -2.38% and currently holds a Zacks Rank of 3 (Hold), suggesting a lower likelihood of beating earnings estimates this quarter [4] - Factors affecting earnings include weaker oil prices, which could reduce upstream earnings by $0.5 billion to $0.9 billion sequentially [5] Market Conditions - The average WTI spot prices for October, November, and December 2024 were $71.99, $69.95, and $70.12 per barrel, respectively, compared to $85.64, $77.69, and $71.90 per barrel in the same months last year [5] - A lower industry refining margin is expected to impact earnings from the Energy Products segment by $0.3 billion to $0.7 billion compared to the previous quarter [6] Stock Performance - XOM's stock has increased by 9.3% over the past year, outperforming the industry average rise of 7.4% [8] - The company's current trailing 12-month EV/EBITDA ratio is 6.43, which is above the industry average of 4.05, indicating potential overvaluation [9] Strategic Developments - The acquisition of Pioneer Natural Resources enhances XOM's production capabilities in the Permian Basin, known for low production costs [12] - The company is investing in alternative energy projects, such as carbon capture and lithium battery technology, which may offer growth opportunities but require significant capital [13] Investment Outlook - Given the current market conditions and long-term growth prospects, it may be advisable for investors to hold XOM stock [14]

Group 1: Exxon Mobil's Exploration Activities - Exxon Mobil Corporation has commenced exploratory drilling offshore Cyprus in partnership with QatarEnergy to access potential natural gas reserves [1] - The drilling operations will focus on the Electra and Pegasus prospects, with drilling at the Electra prospect starting last week [1] - ExxonMobil secured exploration licenses in Cyprus in 2017, joining other international energy companies like Chevron, Eni, and TotalEnergies in the region [3] Group 2: Eastern Mediterranean Gas Reserves - The Eastern Mediterranean region has gained attention from oil and gas producers due to significant natural gas discoveries, including ExxonMobil's discovery at the Glaucoma well in 2019 [2] - Following geopolitical tensions, particularly after Russia's invasion of Ukraine, there has been an increased effort to explore natural gas in the region to reduce reliance on Russian energy [2] Group 3: Cyprus' Energy Ambitions - Cyprus aims to establish itself as a reliable alternative gas supplier for the European Union, despite having modest offshore gas finds compared to Egypt and Israel [4] - The country has not yet put any gas into production, but it is actively pursuing this goal [4] Group 4: Regional Challenges - Drilling activities in Cypriot waters face challenges due to territorial disputes, particularly with Turkey, which claims rights over the continental shelf in the area [5] - The Turkish Defence Ministry has closely monitored ExxonMobil's drilling activities, which are in disputed waters [5] Group 5: Collaboration with Egypt - Cyprus' energy minister is in discussions with Egypt's Petroleum Ministry to explore collaboration on joint infrastructure projects, potentially forming an energy corridor to Europe [6]

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Group 1 - The article indicates a previous Strong Buy rating for Exxon Mobil Corporation (NYSE: XOM) stock, suggesting a positive outlook for the company [1] - The core investment style of the research emphasizes providing actionable and clear investment ideas based on independent research [1] Group 2 - The service mentioned claims to have helped its members outperform the S&P 500 and avoid significant losses during periods of high volatility in both equity and bond markets [2] - A 100% Risk-Free trial is offered to potential members to evaluate the effectiveness of the investment method [2]

Core Viewpoint - Goldman Sachs analyst Neil Mehta has lowered the price forecast for Exxon Mobil Corporation from $125 to $123 ahead of the company's fourth-quarter results, maintaining a Neutral rating [1][2]. Group 1: Financial Performance and Estimates - Exxon Mobil anticipates a reduction in fourth-quarter upstream earnings by $(0.9) billion to $(0.5) billion due to changes in oil prices [2]. - The company projects that variations in industry margins will impact energy products earnings by $(0.7) billion to $(0.3) billion, specialty products earnings by $(0.1) billion to $0.1 billion, and chemical products earnings by $(0.5) billion to $(0.3) billion [3]. - Revised EPS estimates for 2024-2026 are $7.63 (from $7.91), $8.17 (from $8.35), and $9.97 (from $9.71), reflecting adjustments in commodity prices and refining margins [4]. Group 2: Investment Considerations - The company benefits from strong execution, shareholder returns (~8% capital returns yield in 2025/2026), and premium Upstream assets (Permian, Guyana, LNG), but its relative valuation keeps the analyst on the sidelines [2]. - Investors can gain exposure to Exxon Mobil through Vanguard Energy ETF VDE and SPDR Select Sector Fund – Energy Select Sector XLE [4]. Group 3: Market Reaction - XOM shares are down 1.28% at $108.74 as of the last check [4].

Core Viewpoint - Exxon Mobil (XOM) is anticipated to report a year-over-year decline in earnings despite an increase in revenues for the quarter ended December 2024, with the actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The consensus estimate for Exxon’s quarterly earnings is $1.58 per share, reflecting a year-over-year decrease of 36.3%. Revenues are projected to be $87.12 billion, which is a 3.3% increase from the same quarter last year [3]. Estimate Revisions - Over the past 30 days, the consensus EPS estimate has been revised 1.77% higher, indicating a collective reassessment by analysts regarding the company's earnings outlook [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate for Exxon is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -2.38%, indicating a bearish sentiment among analysts [10][11]. Historical Performance - In the last reported quarter, Exxon was expected to post earnings of $1.91 per share but exceeded expectations with actual earnings of $1.92, resulting in a surprise of +0.52%. Over the last four quarters, the company has beaten consensus EPS estimates three times [12][13]. Investment Considerations - Despite the potential for an earnings beat, other factors may influence stock movement, and Exxon does not currently appear to be a compelling candidate for an earnings surprise [14][16].