Before the opening bell on Monday, Exxon Mobil (XOM ) reported lower financial results for the fourth quarter. While profits beat analysts’ estimates, revenue fell short of expectations.
XOM's Earnings in Brief
- XOM reported earnings of $6.57 billion, or $1.56 per share, down from $8.35 billion, or $1.91 per share, last year.
- Revenue came in at $87.28 billion, down from last year’s $110.86 billion.
- Analysts expected to see EPS of $1.34 and $87.58 billion in revenue.
CEO Commentary
XOM’s CEO Rex Tillerson commented: “ExxonMobil’s results illustrate the value of our proven business model that integrates upstream, downstream, and chemical businesses. Our balanced portfolio uniquely positions ExxonMobil to deliver superior results throughout the commodity price cycle.”
XOM's Dividend
Exxon will pay its next 69 cent dividend on March 10. The stock will go ex-dividend on February 6.
Stock Performance
Shares of XOM were up 38 cents, or 0.43%, during pre-market trading Monday. The stock is down 5.44% YTD.
The Bottom Line
Exxon (XOM ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
