What To Expect From Exxon Mobil’s Quarterly Earnings?

Earnings are an important time for investors, and next week, on February 1, the Exxon Mobil Corporation (XOM) will publish 4Q21 financial results that ended December 2021. Exxon Mobil is an American corporation that is one of the world’s leading oil companies and has a market capitalization of $319 billion, making it one of the world’s largest companies. Within five days, the price is strongly recovered from $70.19 to $74.92, by composing 6% profit. And now it is trading around $76.08 by 2%.

Exxon Mobil

According to the consensus estimate of Zacks, it is expected that in the 4th quarter, the company’s earnings will be $ 1.90 per share, at the same time, the revenue will come out about $82.88 billion, exceeding 78% from the previous quarter. For the last quarter, the analyst expected that the company revenues would be roughly $1.57 per share, unexpectedly it is totaled $1.58, which is 0.64% more. In fact, the oil and gas company has exceeded consensus forecasts for earnings per share four times in recent quarters.