Exxon Mobil Posts $4.23 Adjusted EPS for Third Quarter
XOM sits 66% above its 52-week low of $112.51.
Summary
ExxonMobil reported third-quarter EPS of $3.72. That follows a blowout Q2, when net income hit $14.5 billion versus $7.1 billion a year earlier on higher oil prices and Permian growth. The quarter produced free cash flow of $19.1 billion, and the company distributed $9.4 billion to shareholders, including $4.3 billion in dividends and $5.1 billion in share repurchases. It also posted record year-to-date refining operations performance, including the highest global fuels utilization excluding Middle East impacts, the highest global diesel yield and the highest North American diesel volumes. The stock is trading near its 52-week high, so the bar was already elevated and this print is the number traders will price against. Watch for any guidance commentary, plus the ongoing overhang from Washington's attacks on oil profits and the Guyana production halt after the Liza Unity FPSO fire in August.
At the time of this announcement, XOM was trading at $186.46 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $753.7B. The 52-week trading range was $112.51 to $184.88. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.