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Exxon Mobil Earnings Beat, Revenue Misses In Q4 -Breaking

by Mike Robinson

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© Reuters. Exxon Mobil’s Earnings beat, but Revenue falls in Q4

Investing.com – Exxon Mobil (NYSE: ) On Tuesday, the fourth quarter was reported by the company. It beat analyst forecasts but generated less revenue than expected.

Exxon Mobil reported earnings per share at $2.05 on revenues of $84.97B. Investing.com polled analyst to predict EPS of $1.93 based on $85.01B revenue.

Exxon Mobil shares rose 24% over the beginning of this year but are down 0.60% from January 31’s 52 week high $76.42. They are outperforming the S&P 500 which is down 5.26% from the start of the year.

Following the release, Exxon Mobil shares rose by 0.71% in premarket trade.

Exxon Mobil is following other large Energy sector earnings in this month

Exxon Mobil reports on Friday’s earnings miss by Chevron, which reported EPS at $2.56 per share on revenues of $48.13B. This compares to the forecasts of EPS at $3.13 for revenue of $45.34B.

Schlumberger beat all expectations with fourth quarter earnings per share of $0.41 on $6.23B in revenue, as compared to $0.389 forecast on $6.09B revenue.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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