Exxon Mobil Q1 Earnings: Revenues And Earnings Suffer Due To Low Oil Price Environment, Company Cuts Capex
Exxon Mobil (NYSE:XOM) released its 2016 first quarter earnings report recently. [1] The company’s upstream price realizations continue to suffer due to the prevalent low oil price environment. Exxon’s revenues and earnings resultantly took a massive hit in the first quarter, but the figures were much better than analyst expectations. [2]
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Have more questions about Exxon Mobil? See the links below:
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- Why Crude Oil & NGLs Operations Are 2x As Valuable As Refined Petroleum Products Operations For Exxon Mobil?
- Why Is Exxon Mobil’s Crude Oil & NGL’s EBITDA Margin Greater Than Its Refined Products EBITDA Margin?
Notes:
1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Exxon Mobil
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Notes:- ExxonMobil Earns $1.8 Billion in First Quarter of 2016, 29 April, 2016, BP Press Release [↩]
- Exxon Mobil beats by $0.12, beats on revenue, 29 April, 2016, Seeking Alpha [↩]