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ExxonMobil (XOM) Beats on Q3 Earnings & Revenues

Irving, TX-based ExxonMobil Corporation XOM 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!

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