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 #3 (Hold) but that could change following its second quarter 2015 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 19.72%.
We have highlighted some of the key quarterly details from the just-released announcement below:
Earnings: ExxonMobil miss on earnings. Earnings per share came in at $1.00, below the Zacks Consensus Estimate of $1.11.
Revenue: Revenues above expectations. Revenues of $74,113 million were higher than the Zacks Consensus Estimate of $66,371 million.
Key Stats: Production averaged 3,979 million barrels of oil-equivalent per day (MMBOE/d), up 3.6% year over year. Liquid production increased 11.9% year over year to 2.291 million barrels per day. Natural gas production was 10,128 MCF/d (millions of cubic feet per day), down 5.8% from the year-ago period.
ExxonMobil's refinery throughput averaged 4.3 million barrels per day (MMBPD), down 2.8% from the year-earlier level.
Check back later for our full write up on this ExxonMobil earnings report later!
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