Earnings Alerts

Exxon Mobil (XOM) Earnings: Q2 Adjusted EPS Surpasses Estimates with Strong Upstream Production and Strategic Growth Initiatives

  • Exxon reports an adjusted EPS of $1.64 for the second quarter, surpassing the estimated $1.56.
  • This quarter marks the highest second-quarter upstream production for Exxon since its merger with Mobil over 25 years ago.
  • Exxon achieved its best quarter for high-value product sales volumes in Product Solutions.
  • The company has made significant progress in its structural cost savings plan for 2030, exceeding cumulative targets.
  • Start-up operations have begun for six out of ten key projects this year, with plans to start the remaining four projects soon.
  • These projects are projected to enhance earnings power by over $3 billion by 2026, assuming constant prices and margins.
  • Exxon is on track to repurchase $20 billion in shares within the year.

Exxon Mobil on Smartkarma

Analysts on Smartkarma have been closely monitoring Exxon Mobil, providing valuable insights into the energy giant’s performance and prospects.

Suhas Reddy, in an Earnings Preview report, highlighted that while Exxon is expected to face challenges with a significant drop in Q2 earnings due to weak crude and gas prices, the options market indicates a bullish bias, suggesting potential upside surprises. On the other hand, Baptista Research discussed ExxonMobil’s expansion of Liquefied Natural Gas (LNG) capacity in a bullish light, emphasizing the company’s strategic focus on operational efficiency and cost control amidst market volatility.


A look at Exxon Mobil Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth4
Resilience3
Momentum3
OVERALL SMART SCORE3.4

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 industry, presents a mixed outlook based on Smartkarma Smart Scores. With a respectable score of 4 in both the Dividend and Growth categories, the company demonstrates a strong ability to reward investors while also showing potential for expansion. However, its Value and Resilience scores sit at a moderate 3, indicating a less attractive valuation and some vulnerability to market shifts. In terms of Momentum, Exxon Mobil scores a 3, suggesting a neutral stance in terms of performance acceleration. Overall, while the company enjoys solid dividend and growth prospects, investors might want to consider the valuation and resilience factors in their long-term investment strategy.

Exxon Mobil‘s diverse operations encompass oil and gas exploration, electric power generation, and a range of manufacturing activities in fuels, lubricants, and chemicals. Amidst this broad portfolio, the company’s Smartkarma Smart Scores hint at a stable performance with room for improvement in certain areas. Investors eyeing Exxon Mobil for long-term gains could find the combination of reliable dividends, growth potential, and operational resilience appealing. However, understanding the company’s valuation and its momentum in the market is crucial for making informed investment decisions in the evolving energy and petrochemical landscape.


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.
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