Exxon Mobil Corp Earnings: Positive Earnings Streak

S&P 500 (NYSE:SPY) component Exxon Mobil Corporation (NYSE:XOM) reported its results for the fourth quarter. ExxonMobil Corporation produces and sells crude oil, natural gas and petroleum products.

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Exxon Mobil Earnings Cheat Sheet for the Fourth Quarter

Results: Net income for the oil and gas company rose to $9.4 billion ($1.97 per share) vs. $9.25 billion ($1.85 per share) in the same quarter a year earlier. This marks a rise of 1.6% from the year earlier quarter.

Actual vs. Wall St. Expectations: XOM fell short of the mean analyst estimate of $2.01 per share.

Key Stats:

The company has now seen net income rise in three straight quarters. In the third quarter, net income rose 40.5% and in the second quarter, the figure rose 41.3%.

The company fell short of estimates last quarter after beating the mark the quarter before with net income of $2.13 versus a mean estimate of net income of $2.11 per share.

Looking Forward: Over the past ninety days, the average estimate for the first quarter of the next fiscal year has fallen from $2.10 per share to $2.01, indicating that analysts are growing pessisimistic about the company’s performance next quarter. In the past month, the average estimate for the fiscal year has fallen from $8.56 per share to $8.46 abs.

Competitors to Watch: Chevron Corporation (NYSE:CVX), BP plc (NYSE:BP), ConocoPhillips (NYSE:COP), Marathon Oil Corporation (NYSE:MRO), Hess Corp. (NYSE:HES), TOTAL S.A. (NYSE:TOT), Suncor Energy Inc. (NYSE:SU) and Petroleo Brasileiro SA (NYSE:PBR).

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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com