Categories AlphaGraphs, Earnings, Energy
Infographic: Highlights of Exxon Mobil’s (XOM) Q3 earnings report
Energy exploration company Exxon Mobil Corporation (NYSE: XOM) reported a net loss for the third quarter of 2020 as revenues were impacted by the pandemic-induced disruption. However, the results came in above analysts’ projection.
Net loss attributable to ExxonMobil was $0.18 per share in the September-quarter, on an adjusted basis, compared to earnings of $0.68 per share in the corresponding period of last year. Unadjusted net loss was $680 million or $0.15 per share, compared to a profit of $3.17 billion or $0.75 per share a year earlier. Analysts had forecast a wider loss for the latest quarter.
The bottom-line was hurt by a 29% decline in revenues to $46.2 billion. The top-line came in above the market’s projection.
Read management/analysts’ comments on Altria’s Q3 results
Exxon Mobil’s stock closed the last trading session higher but slipping into the negative territory on Friday morning, following the earnings announcement.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
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