Exxon Mobil Corporation (XOM) Releases Earnings Results, Misses Expectations By $-0.23 EPS

Exxon Mobil Corporation (XOM) reported quarterly earnings results on Friday, Jul-29-2016. The company reported $0.41 earnings per share for the quarter, missing the analyst consensus estimate by $-0.23. Analysts had a consensus of $0.64. The company posted revenue of $57694.00 million in the period, compared to analysts expectations of $64001.29 million. The company’s revenue was down -22.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS.

Many Wall Street Analysts have commented on Exxon Mobil Corporation. Exxon Mobil Corporation was Downgraded by BofA/Merrill to ” Neutral” on Jun 2, 2016. Exxon Mobil Corporation was Upgraded by Argus to ” Buy” on May 18, 2016. Company shares were Reiterated by UBS on May 2, 2016 to “Neutral”, Firm has raised the Price Target to $ 85 from a previous price target of $77 .

Exxon Mobil Corporation closed down -0.71 points or -0.78% at $90.2 with 1,24,06,070 shares getting traded on Thursday. Post opening the session at $90.54, the shares hit an intraday low of $89.61 and an intraday high of $90.73 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jun 8, 2016, Bradley W Corson (Vice President) sold 6,000 shares at $90.81 per share price. According to the SEC, on Jun 7, 2016, Neil A Chapman (Vice President) sold 12,000 shares at $89.00 per share price. On Feb 18, 2016, Dennis G Wascom (Vice President) sold 5,326 shares at $81.75 per share price, according to the Form-4 filing with the securities and exchange commission.

Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas. The Company is involved in the manufacturing of petroleum products and transportation and sale of crude oil natural gas and petroleum products. The Company also manufactures and markets petrochemicals including olefins aromatics polyethylene and polypropylene plastics and a variety of specialty products. The Company’s projects include the Kearl project Heidelberg project the Point Thomson project the Hadrian South project the Lucius project the Chirag Oil project the Tapis Enhanced Oil Recovery project the Damar project and the Barzan project among others. The Company is conducting its operations and projects in the United States Asia Africa Canada/South America Europe and Australia/Oceania.

Exxon Mobil Corporation

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