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.
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.”
Exxon will pay its next 69 cent dividend on March 10. The stock will go ex-dividend on February 6.
Shares of XOM were up 38 cents, or 0.43%, during pre-market trading Monday. The stock is down 5.44% YTD.