XOM Earnings Prediction
The chart below shows how XOM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, XOM sees a -1.46% change in stock price 10 days leading up to the earnings, and a +0.83% change 10 days following the report. On the earnings day itself, the stock moves by -0.17%. This data can give you a slight idea of what to expect for the next quarter's release.
XOM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
87.79B
-0.88%
-2.44%
Gross Margin
23.23%
-8.07%
3.52%
Operating Margin
13.39%
-4.43%
-1.18%
Net Margin
10.22%
-3.13%
-3.95%
EPS
1.93
-14.22%
-9.81%
No Data Available
XOM Earnings Analysis
Exxon Mobil Corporation Corporation (XOM.N) Earnings Conference Call
Positive
Strong Q3 Earnings: Exxon Mobil announced earnings of $8.6 billion this morning, marking one of the best third quarters in the past decade.
Earnings Growth Comparison: Year-to-date earnings in 2024 are roughly double what they were in the same period of 2019 on a constant margin basis.
Cost Reduction Achievement: We have reduced costs by $5 billion versus 2019 across all of our businesses, enhancing profitability.
Production Growth Increase: In the third quarter, we grew production to 4.6 million oil-equivalent barrels per day, a 24% increase versus the prior-year quarter.
Quarterly Dividend Increase: We announced a 4% increase to the quarterly dividend to $0.99 per share, marking the 42nd consecutive annual dividend increase.
Negative
Earnings Decline Despite Success: Exxon Mobil's announced earnings of $8.6 billion this morning, despite being one of the best third quarters in the past decade, indicate a significant decline compared to previous years.
Earnings Growth Concerns: Year-to-date earnings in 2024 are roughly double what they were in the same period of 2019 on a constant margin basis, suggesting a troubling trend in profitability.
Cost Management Concerns: The company has been focused on reduced cost management, but this has not translated into improved earnings power, raising concerns about long-term sustainability.
Mixed Segment Performance: In the third quarter, while liquid prices and refining margins were down, gas realizations and chemical margins were all up, indicating a mixed performance across segments.
Tornado Impact on Fuel Supply: The Joliet refinery experienced unprecedented damage from a tornado, leading to a nearly two-week shutdown, severely impacting fuel supplies for the entire region.
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XOM Earning Call Sentiment
Exxon Mobil Corporation (XOM) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
XOM.N
1.39%Positive
The earnings call summary reflects strong financial performance, including record production and significant earnings growth. The shareholder return plan is robust, with increased dividends and a leading total shareholder return. Despite some project delays, the overall sentiment from the Q&A is positive, with management confident in future growth and efficiency gains. The Pioneer acquisition and cost reduction efforts further support a positive outlook. Given these factors, the stock is likely to see a positive movement in the coming weeks.