Exxon Mobil shares rose 3.4% in morning trading

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Exxon Mobil shares rose 3.4% in morning trading

Tiger Newspress2022-02-01

Exxon Mobil shares rose 3.4% in morning trading.The oil giant swung to a net profit, with adjusted results beating estimates, and reported a more than 80% rise in revenue, although it came up shy of forecasts. Net income was $8.87 billion, or $2.08 a share, after a loss of $20.07 billion, or $4.70 a share, in the year ago period. Excluding nonrecurring items, adjusted earnings per share rose to $2.05 from 3 cents, topping the FactSet consensus of $1.94. Total revenue grew 82.6% to $84.97 billion, but was below the FactSet consensus of $85.01 billion. Oil-equivalent production was 3.8 million barrels per day, and rose 2% when excluding entitlement effects, divestments and government mandates. For downstream refining throughput was the highest since 2013, and refining margins improved from the third quarter amid increased transportation demand and easing mobility restrictions.

Separately, the company said it has initiated share repurchases as part of the previously announced buyback program of $10 billion.

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Comment（38）

tigernaut
·2022-02-02
👍
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Winner168
·2022-02-02
Now economy is good
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2
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lks
·2022-02-02
It is no surprise that oil giants profits are going up with the constant and ever increasing retail petrol prices. I wonder what's going to happen when ICE is being phased out eventually.
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3
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Nasbhai
·2022-02-02
Petrol Prices surged all around APAC.
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5
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Valeriee
·2022-02-02
Good
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th0mastan
·2022-02-02
Now is the real test for oil prices after the usual Christmas and CNY surge
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Bspn
·2022-02-02
Ok
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Alkid
·2022-02-02
Ok
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3
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RS142
·2022-02-02
Good..
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andrew123
·2022-02-02
Like
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ASMH
·2022-02-02
Like
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StevieLim
·2022-02-02
Buy buy buy
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Victorhc88
·2022-02-02
Like
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CT82
·2022-02-02
[Cool]
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pet
·2022-02-02
Pls like
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Handoko
·2022-02-02
👍🏻
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Ah Ho
·2022-02-02
Great
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T2021B
·2022-02-02
To the moon
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eheheh
·2022-02-02
Nice
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koolgal
·2022-02-02
Exxon Mobil has an excellent Earnings report and the share price went up in tandem! Go Exxon! 🚀🚀🚀🌙🌙🌙
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I wonder what's going to happen when ICE is being phased out eventually.&nbsp;","listText":"It is no surprise that oil giants profits are going up with the constant and ever increasing retail petrol prices. I wonder what's going to happen when ICE is being phased out eventually.&nbsp;","text":"It is no surprise that oil giants profits are going up with the constant and ever increasing retail petrol prices. I wonder what's going to happen when ICE is being phased out eventually.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091350305","repostId":1153553331,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091950342,"gmtCreate":1643766208371,"gmtModify":1676533853184,"author":{"id":"4105706439484420","authorId":"4105706439484420","name":"Nasbhai","avatar":"https://community-static.tradeup.com/news/fcdb00dbd2f786506cbba6840138e5ff","vip":1,"crmLevel":4,"crmLevelSwitch":1},"htmlText":"Petrol Prices surged all around APAC.&nbsp;","listText":"Petrol Prices surged all around APAC.&nbsp;","text":"Petrol Prices surged all around 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is the real test for oil prices after the usual Christmas and CNY&nbsp;surge&nbsp;","listText":"Now is the real test for oil prices after the usual Christmas and CNY&nbsp;surge&nbsp;","text":"Now is the real test for oil prices after the usual Christmas and CNY 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buy buy","listText":"Buy buy buy","text":"Buy buy 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like","listText":"Pls like","text":"Pls 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Mobil has an excellent Earnings report and the share price went up in tandem!&nbsp; Go Exxon! 🚀🚀🚀🌙🌙🌙","listText":"Exxon Mobil has an excellent Earnings report and the share price went up in tandem!&nbsp; Go Exxon! 🚀🚀🚀🌙🌙🌙","text":"Exxon Mobil has an excellent Earnings report and the share price went up in tandem! 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