Company Of The Day: Exxon Mobil
What?
Exxon Mobil (NYSE:XOM) posted a stronger than expected set of Q2 2021 results, with revenues more than doubling year-over-year to $67.7 billion, and net income standing at about $4.7 billion versus a loss of $1.1 billion in the year-earlier quarter.
Why?
- Down 9% Since The Beginning of 2023, What Should You Expect From Exxon Mobil Stock?
- Will Exxon Mobil Stock Trade Higher Post Q2?
- What’s Happening With Exxon Mobil Stock?
- Exxon Mobil Stock Likely To Trade Lower Post Q4
- What To Expect From Exxon Mobil’s Stock Post Q2?
- Can Amazon Stock Add Two Exxon Mobils To Its Market Capitalization?
Although upstream production was impacted by an extent due to maintenance activity, Exxon benefited from higher average price realizations for crude oil.
So What?
Exxon stock declined by about 2% in Friday’s trading, as the company indicated that it would use its extra cash flows to pay off its debt rather than announcing stock buybacks, which investors were likely expecting.
See Our Complete Analysis For Exxon Mobil
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market since 2016
See all Trefis Price Estimates and Download Trefis Data here
What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams