Irving, TX-based ExxonMobil Corporation (XOM) is the world’s largest publicly traded oil company, engaged in oil and natural gas exploration and production, petroleum products refining and marketing, chemicals manufacture, and other energy-related businesses. The company divides its operations into three segments: Upstream, Downstream and Chemicals.
Currently, ExxonMobil has a Zacks Rank #5 (Strong Sell) but that could change following its fourth quarter 2014 earnings report which has just released. Coming to earnings surprise history, the company has a track record of delivering positive earnings surprises. It has beaten estimates in all the last four quarters at an average rate of 6.89%.
We have highlighted some of the key quarterly details from the just-released announcement below:
Earnings: ExxonMobil beats on earnings. Earnings per share came in at $1.56, above the Zacks Consensus Estimate of $1.33.
Revenue: Revenues below expectations. Revenues of $87,276 million were lower than the Zacks Consensus Estimate of $92,678 million.
Key Stats: Production averaged 4.054 million barrels of oil-equivalent per day (MMBOE/d), down 3.8% year over year. Liquid production decreased 2.4% year over year to 2.182 million barrels per day. Natural gas production was 11,234 MCF/d (millions of cubic feet per day), down 653 MCF/d from 2013.
ExxonMobil's refinery throughput averaged 4.3 million barrels per day (MMBPD), down from the year-earlier level of 4.5 MMBPD.
Check back later for our full write up on this ExxonMobil earnings report later!
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