S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Energy

Exxon Mobil Delivers on Earnings and Revenue

Photo of Jon C. Ogg
By Jon C. Ogg Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Exxon Mobil Logo
Wikimedia Commons
Exxon Mobil Corp. (NYSE: XOM) is out with its third-quarter earnings. This company staggers its release by sending it to newswires before releasing its formal press release, which always makes for an interesting argument around Reg. FD.

The oil giant posted earnings of $1.79 per share, versus a Thomson Reuters consensus estimate of $1.77 per share. This was down from $2.09 per share a year ago. Revenue came in at $112.37 billion, considerably higher than the $107.4 billion consensus, even if most analysts do not make revenue predictions for Exxon.

When you look at the numbers, you see just how much profit there is in oil. Net income came to almost $7.9 billion.

Be advised that so far this has been one of the five worst stocks of the Dow Jones Industrial Average this year. Shares closed at $88.81 on Wednesday and are indicated up above $89 after the report, versus a 52-week trading range of $84.70 to $95.49.

The consensus price target for Exxon is $95.29, according to Thomson Reuters.

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Dave Ramsey to Wife Who Caught Husband Lying About Debt 4 Times: '41 Years Down the Toilet'
Joel South |

Dave Ramsey to Wife Who Caught Husband Lying About Debt 4 Times: '41 Years Down the Toilet'
Why Your 401(k) Could Trigger a Tax Bomb in Retirement (And What to Do Now)
Jeremy Phillips |

Why Your 401(k) Could Trigger a Tax Bomb in Retirement (And What to Do Now)

Continue Reading

Jon C. Ogg |

Lululemon: From See-Thru Pants to See-Thru Earnings Disappointment

ThinkstockLululemon Athletica Inc. (NASDAQ: LULU) has been one of the largest and greatest IPO-to-riches stories of the past decade. That…
Jon C. Ogg |

Exxon Mobil Beats Earnings as Sales Decline, Keeps Buying Back Stock

Wikimedia CommonsExxon Mobil Corp. (NYSE: XOM) has released a mixed earnings report for its third quarter. The oil and gas…
Jon C. Ogg |

This Week’s Can’t Miss Earnings (AA, CSX, INTC, YUM, JPM, GOOG, AMD, BAC, C, GE, BRK-A)

This coming week will be the launch of earnings season.  After the week is up, there will have been five…
Exxon Earnings a Function of Company’s Massive Size
Paul Ausick |

Exxon Earnings a Function of Company’s Massive Size

Exxon Mobil reported better-than-expected first-quarter 2016 results before markets opened Friday morning.
Paul Ausick |

What a Net Loss Means for ConocoPhillips Dividend

ConocoPhillips reported third-quarter 2015 results and updated guidance before markets opened Thursday morning.
Jon C. Ogg |

Dell Services and Enterprises Sees Revenue Growth, PC Market Still Sliding

courtesy Dell Inc.Shares of Dell Inc. (NASDAQ: DELL) may have been caught in a serious merger tug-of-war between Michael Dell…
Chris Lange |

What to Expect From Exxon and Chevron Earnings

Some investors are thinking that oil has bottomed out and that there will be a changing landscape in the oil…
Why Netflix Is Back
Chris Lange |

Why Netflix Is Back

Netflix Inc. (NASDAQ: NFLX) released its most recent earnings report after the markets closed on Monday. Overall there was an…
Jon C. Ogg |

Apple Posts Record iPhone and iPad Sales, Weak on Mac Sales

By Matthew YoheMatt Yohe at en.wikipedia CC-BY-3.0, from Wikimedia CommonsApple Inc. (NASDAQ: AAPL) has reported its first fiscal quarter earnings…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618