- Exxon’s adjusted earnings per share (EPS) for the first quarter matched estimates at $1.76, down from $2.06 the previous year.
- The company maintained its capital expenditure forecast for the year between $27 billion and $29 billion.
- Cash capital expenditures amounted to $5.9 billion in the first quarter, aligning with the annual guidance range.
- Exxon reported first-quarter earnings of $7.7 billion, compared to $8.2 billion in the same quarter last year.
- Cash flow from operations was a robust $13.0 billion in the first quarter, contributing to a free cash flow of $8.8 billion.
- A second-quarter dividend was declared at $0.99 per share.
- Shareholder distributions totaled $9.1 billion, including $4.8 billion in share repurchases.
Exxon Mobil on Smartkarma
Analysts on Smartkarma have varying views on Exxon Mobil‘s performance. Suhas Reddy‘s bullish perspective highlights Exxon’s ability to exceed Q4 EPS estimates due to low costs and high-margin projects in Guyana and the Permian, despite revenue and net profit declines. On the other hand, Baptista Research emphasizes ExxonMobil’s strong financial performance, reporting earnings of $34 billion for the year and showcasing operational efficiency and strategic agility with a leading return on capital employed (ROCE) of 11%.
Looking forward, Suhas Reddy‘s bearish sentiment anticipates a decline in Exxon’s Q4 earnings, influenced by lower oil prices and refining margins. However, Baptista Research highlights Exxon Mobil‘s bold new strategy, focusing on capital-intensive projects, expansion into emerging markets, and investments in low-carbon solutions, while questioning whether these moves will be a game-changer or a risky bet for the energy giant.
A look at Exxon Mobil Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Exxon Mobil Corporation, a global player in the petroleum and petrochemicals industries, has garnered a mixed outlook based on Smartkarma Smart Scores. While the company receives strong scores for Dividend, Growth, and Momentum, indicating positive signs in these areas, its Value and Resilience scores lag slightly behind. This suggests that although Exxon Mobil shows promise in terms of dividends, growth potential, and market momentum, there may be areas of improvement needed in terms of overall value and resilience in the long term.
With operations spanning the exploration and production of oil and gas, power generation, and manufacturing of fuels and chemicals, Exxon Mobil remains a significant player in the energy sector. Investors should consider the company’s strengths in dividends, growth, and momentum, while also being mindful of the areas where improvement may be required to fortify its long-term position in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
π‘ Before itβs here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- β Unlimited Research Summaries
- β Personalised Alerts
- β Custom Watchlists
- β Company Analytics and News
- β Events & Webinars
