Categories AlphaGraphs, Earnings, Energy

XOM Earnings: ExxonMobil Q1 2022 profit rises but misses estimates

Energy giant ExxonMobil Corporation (NYSE: XOM) reported higher earnings and revenues for the first quarter of 2022 amid a sharp increase in crude prices in the international market. Earnings, however, missed the market’s projections.

ExxonMobil Q1 2022 earnings infographic

Net profit, adjusted for special items, climbed to $2.07 per share during the three-month period from $0.65 per share a year earlier. Analysts were looking for a bigger number for the latest quarter. On a reported basis, the company posted a net income of $5.48 billion or $1.28 per share, compared to $2.73 billion or $0.64 per share in the first quarter of 2021.

Driving the bottom-line growth, total revenues and other income surged to $90.5 billion in the March quarter from $59.1 billion in the same period of last year. However, the latest number fell short of expectations.


Check this space to read management/analysts’ comments on ExxonMobil’s Q1 2022 results


“Earnings increased modestly, as strong margin improvement and underlying growth were offset by weather and timing impacts. The absence of these temporary impacts in March provides strong, positive momentum for the second quarter,” said Darren Woods, chief executive officer of ExxonMobil.

Prior Performance

  • ExxonMobil Q2 2021 earnings infographic
  • ExxonMobil Q1 2021 earnings

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

Trxade (MEDS) is increasing the breadth of product offerings: CEO Suren Ajjarapu

Trxade Health Inc. (NASDAQ: MEDS) is an online pharmaceutical marketplace that provides a platform for independent pharmacies to operate more effectively. The company’s digital platform helps optimize drug procurement and

AMAT Stock: Is now the right time to invest in Applied Materials?

It is estimated that the size of the global chip manufacturing equipment market would nearly double from the current levels to about $142 billion in the next eight years. Applied

Here’s a look at Take-Two Interactive Software’s (TTWO) expectations for the coming year

Shares of Take-Two Interactive Software (NASDAQ: TTWO) were down over 2% on Friday. The stock has dropped 32% year-to-date and 35% over the past 12 months. Earlier this week, the

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top