Exxon Mobil Reports Strong Earnings, Beats Estimates
SPRING, Texas - Exxon Mobil Corp. (XOM) reported fourth-quarter net income of $7.61 billion, exceeding Wall Street expectations. Adjusted earnings reached $1.67 per share.
Revenue totaled $83.43 billion, slightly below analysts' forecasts of $87.12 billion. Despite the revenue miss, Exxon's earnings beat the consensus estimate of $1.55 per share.
The company did not adjust its results for one-time events such as asset sales, which is a common practice among oil and gas companies.