Categories AlphaGraphs, Earnings, Energy
Infographic: Highlights of Exxon Mobil’s (XOM) Q4 earnings report
Energy exploration company Exxon Mobil Corporation (NYSE: XOM) reported a sharp fall in fourth-quarter earnings as the pandemic continued to impact operations. However, earnings came in above analysts’ projection.
Net income attributable to Exxon Mobil was $0.03 per share in the December-quarter, on an adjusted basis, compared to $0.41 per share in the corresponding period of last year. On an unadjusted basis, the company reported a net loss of $20.1 billion or $4.70 per share, compared to a profit of $5.7 billion or $1.33 per share a year earlier. Analysts had forecast a smaller profit for the latest quarter.
The bottom-line was hurt by a 31% decline in revenues to $46.5 billion. The top-line also missed the market’s projection.
Read management/analysts’ comments on Exxon Mobil’s Q4 results
Exxon Mobil’s stock closed the last trading session higher and continued to gain on Tuesday 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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