Exxon Mobil Earnings Cheat Sheet: Profits Grow by Double Digits For Fifth Straight Quarter
Exxon Mobil Earnings Cheat Sheet for the Second Quarter
Results: Net income for Exxon Mobil Corporation rose to $10.7 billion ($2.18 per share) vs. $7.56 billion ($1.60 per share) in the same quarter a year earlier. This marks a rise of 41.5% from the year earlier quarter.
Actual vs. Wall St. Expectations: XOM fell short of the mean analyst estimate of $2.34 per share.
The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 69% and in the fourth quarter of the last fiscal year, the figure rose 52.9%.
The company fell short of forecasts after beating estimates in the previous two quarters. In the first quarter, it topped the mark by 9 cents, and in the fourth quarter of the last fiscal year, it was ahead by 27 cents.
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).
(Source: Xignite Financials)