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!
Most Popular
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
Target (TGT): A look at some of the challenges faced by the retailer in 3Q24
Shares of Target Corporation (NYSE: TGT) stayed green on Thursday, recovering from the stumble it took a day ago after delivering disappointing results for the third quarter of 2024 and