Exxon Mobil Corporation (NYSE:XOM) producer of crude oil and natural gas, is reporting third quarter earnings results on Friday 30th October 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 0.25 per share.
For the full year, analysts predict revenues of $ 178477.00 million, while looking forward to loss of $ 0.34 per share.
Previous Quarter Performance
Exxon Mobil Corporation disclosed loss for the second quarter of $ 0.70 per share, from the revenue of $ 32,605.00 million. The quarterly revenues dropped 52.81 percent compared with the same quarter last year. Wall street analysts are predicting, XOM to report 2Q20 loss of $ 0.62 per share from revenue of $ 38156.70 million. The bottom line results missed street analysts by $ 0.08 or 12.9 percent, at the same time, top line results fell short of analysts by $ 5 million or 14.55 percent.
Stock Performance
Shares of Exxon Mobil Corporation traded up $ 1.40 or 4.43 percent on Thursday, reaching $ 32.97 with volume of 37.95 million shares. Exxon Mobil Corporation has traded high as $ 33.13 and has cracked $ 31.11 on the downward trend
According to the previous trading day, closing price of $ 32.97, representing a 4.85 % increase from the 52 week low of $ 30.11 and a 56.82 % decrease over the 52 week high of $ 73.12.
The company has a market capital of $ 139.40 billion and is part of the Energy sector and Oil & Gas Integrated industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 44.00 target price.
- On 13th October 2020, upgraded by Goldman Sachs Group to Neutral from Sell rating, with $ 36.00 target price.
- On 24th September 2020, upgraded by Scotiabank to Sector Perform from Sector Underperform rating.
- On 10th September 2020, initiated by MKM Partners at Buy rating, with $ 55.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.87 per share on July 29, 2020. The dividend were payable on September 10, 2020 to holders of record as of the close of business on August 13, 2020 and ex-dividend date on August 12, 2020.
Conference Call
Exxon Mobil Corporation will be hosting a conference call at 9:30 AM eastern time on 30th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website corporate.exxonmobil.com
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
