- Exxon reported total revenues and other income of $85.29 billion, surpassing the estimate of $83.6 billion.
- Production reached 4,769 KOEBD, exceeding the estimate of 4,710 KOEBD.
- Chemical prime product sales were 5,520 kt, higher than the estimated 5,151 kt.
- Downstream petroleum product sales amounted to 5,692 KBD.
- Crude oil, NGL, bitumen, and synthetic oil production was 3,380 KBD, beating the estimate of 3,275 KBD.
- Refinery throughput was 4,106 KBD, above the estimate of 3,989 KBD.
- Upstream adjusted net income was $5.68 billion, surpassing the estimate of $5.42 billion.
- Energy products adjusted net income was $1.84 billion, matching the estimate.
- Chemical products adjusted net income stood at $515 million.
- Specialty products adjusted net income was $740 million.
- Excluding acquisitions, Exxon expects full-year cash capital expenditures to be slightly below the $27 billion to $29 billion guidance range.
- The analyst consensus includes 19 buys, 14 holds, and 1 sell recommendation.
Exxon Mobil on Smartkarma
Analyst coverage on Exxon Mobil on Smartkarma reveals varied perspectives from independent analysts. Baptista Research sheds light on Exxon Mobil‘s legal challenge against California’s climate disclosure laws, highlighting the company’s argument on First Amendment rights infringement.
Suhas Reddy emphasizes ExxonMobil’s resilience amidst industry retrenchment, attributing its strength to low debt and diversified assets. Furthermore, in a surprising development, Baptista Research discusses Exxon’s secret talks with Rosneft, hinting at potential market shocks amidst geopolitical negotiations. These insights provide a comprehensive overview of the factors influencing Exxon Mobil‘s position in the energy market.
A look at Exxon Mobil Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
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
Analysts at Smartkarma have assessed Exxon Mobil Corporation’s long-term outlook through their Smart Scores, which rate various factors impacting the company. With a solid performance across different metrics, Exxon Mobil shows promise for the future. The company received a notable score in Dividend and Momentum, indicating a strong position in terms of rewarding shareholders and market performance. Additionally, Value and Resilience scores suggest stability and a reasonable valuation for potential investors. While Growth scored moderately, overall, Exxon Mobil seems well-positioned to navigate the challenges of the energy industry in the coming years.
Exxon Mobil Corporation, a global player in the petroleum and petrochemicals sector, engages in diverse operations spanning oil and gas exploration, power generation, and chemical manufacturing. Their strong presence in fuel, lubricant, and chemical markets underlines their broad reach and impact on the industry. The Smart Scores hint at Exxon Mobil‘s ability to weather market fluctuations and provide consistent returns to investors, highlighting its importance as a stalwart in the energy sector with a balanced outlook across key areas crucial for sustainable growth and performance.
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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