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.
Are You Still Paying With a Debit Card?
The average American spends $17,274 on debit cards a year, and it’s a HUGE mistake. First, debit cards don’t have the same fraud protections as credit cards. Once your money is gone, it’s gone. But more importantly you can actually get something back from this spending every time you swipe.
Issuers are handing out wild bonuses right now. With some you can earn up to 5% back on every purchase. That’s like getting a 5% discount on everything you buy!
Our top pick is kind of hard to imagine. Not only does it pay up to 5% back, it also includes a $200 cash back reward in the first six months, a 0% intro APR, and…. $0 annual fee. It’s quite literally free money for any one that uses a card regularly. Click here to learn more!
Flywheel Publishing has partnered with CardRatings to provide coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.