Exxon Mobil 과거 순이익 실적
과거 기준 점검 2/6
Exxon Mobil은 연평균 15%의 비율로 수입이 증가해 온 반면, Oil and Gas 산업은 수입이 8.4% 증가했습니다. 매출은 연평균 4.8%의 비율로 증가했습니다. Exxon Mobil의 자기자본이익률은 10%이고 순이익률은 7.8%입니다.
핵심 정보
15.01%
순이익 성장률
14.57%
주당순이익(EPS) 성장률
| Oil and Gas 산업 성장률 | 33.67% |
| 매출 성장률 | 4.81% |
| 자기자본이익률 | 10.04% |
| 순이익률 | 7.76% |
| 최근 순이익 업데이트 | 31 Mar 2026 |
최근 과거 실적 업데이트
Recent updates
Exxon Mobil: Overvalued Despite Impressive Assets
Summary Exxon Mobil faces valuation concerns despite operational scale and recent price-driven tailwinds, with a current FCF yield of 6.7% in a strong market. XOM’s Permian Basin and Guyana projects offer growth, but long-term climate risks and minimal renewables limit future alternatives. The company’s 18x P/E and 3.6% normalized FCF yield appear unattractive for a commodity business, especially after a 50% share price rally. Strait of Hormuz disruptions cut XOM production by 16%, dampening benefits from higher prices and raising risk to shareholder returns. Read the full article on Seeking AlphaXOM: Higher Oil Risk Premiums And Legal Shift Will Shape Capital Returns
Exxon Mobil's analyst fair value estimate edges up from $164.13 to $165.64, as many analysts lift price targets on higher long term oil price assumptions and potential cash flow support. This is partially offset by a few target cuts and rating downgrades that reflect more cautious views on margins and valuation.Exxon Mobil Corporation (XOM): The Permian Powerhouse and the Guyana Growth Engine
Exxon Mobil Corporation (XOM) , the architect of the global energy landscape, enters Sunday, April 19, 2026 , as a dominant force in the transition toward high-return, low-cost production. Trading at $163.91 USD following a resilient start to the month, the stock is effectively shaking off the localized volatility of early April as it prepares for its Q1 earnings report on Friday, May 1.XOM: Higher Oil Risk Premiums And Legal Shift Will Guide Cash Returns
Exxon Mobil's analyst fair value estimate has shifted from $160.17 to $164.13, as analysts factor in lasting higher oil price assumptions, modestly stronger revenue growth and profit margins, and a slightly lower future P/E multiple reflected in the recent wave of target changes across the Street. Analyst Commentary Recent research on Exxon Mobil clusters around changing assumptions for long term oil prices, updated cash flow outlooks, and how much of this is already reflected in the share price.Advantaged Assets And Lower Carbon Solutions Will Transform Long Term Earnings Power
Catalysts About Exxon Mobil Exxon Mobil is a global energy and chemical company involved in oil and gas production, refining, chemicals and lower carbon solutions. What are the underlying business or industry changes driving this perspective?XOM: Higher Oil Risk Premiums And Cash Returns Will Shape Future Performance
The analyst price target for Exxon Mobil has moved from $151.42 to $160.17 as analysts factor in higher long term oil price assumptions, modest adjustments to revenue growth and margins, and a higher future P/E multiple tied to sector wide target increases following recent geopolitical developments. Analyst Commentary Recent research points to a wide range of views on Exxon Mobil, with many firms adjusting targets to reflect shifting oil price assumptions, changing risk premiums linked to conflict in the Middle East, and updated outlooks for cash flow and capital returns.XOM: Geopolitical Supply Tightness And Cash Returns Will Guide Future Performance
Exxon Mobil's updated analyst price target edges higher from $144.25 to about $151.42, as analysts factor in higher medium term oil price assumptions, tighter expected 2026 crude balances, and a view that the company's cash flow and capital return capacity could benefit from recent commodity price revisions. Analyst Commentary Recent Street research on Exxon Mobil clusters around higher oil price assumptions, Middle East supply risks, and how those factors could feed through to cash generation and capital returns.XOM: Geopolitical Supply Risks And Refining Execution Will Shape Returns
Exxon Mobil's fair value estimate edges up from $140.92 to $144.25 as analysts lift price targets across the board, pointing to higher crude price assumptions tied to Middle East tensions and a modest re rating in the stock's future P/E multiple, despite slightly softer long run growth and margin inputs. Analyst Commentary Recent Street research around Exxon Mobil clusters into two camps, with bullish analysts focusing on higher crude assumptions and multiple expansion, and more cautious voices highlighting valuation risk and a weaker fundamental backdrop for oil.XOM: Refining Execution And Policy Risks Will Shape Returns From Current Levels
Analysts have raised their average price target for Exxon Mobil by about $5 to roughly $141. This reflects updated assumptions for slightly higher revenue growth, modestly stronger profit margins and a higher future P/E multiple, even as individual firms continue to adjust their targets and ratings in different directions.XOM: Cost Controls And Refining Strength Will Offset Commodity And Venezuela Risks
Analysts have nudged their average Exxon Mobil price target higher to about $136 from roughly $131, citing slightly stronger revenue growth and profit margin assumptions, along with a modestly lower future P/E multiple in their updated models. Analyst Commentary Recent research on Exxon Mobil has been mixed, with several firms raising price targets and a few turning more cautious.XOM: Cost Savings And Refining Upgrades Will Support Future Cash Flow
Exxon Mobil's analyst price target has been trimmed by about $0.82 to roughly $130.50, as analysts factor in a more cautious crude outlook, slightly lower profit margins and mixed rating changes, while some still highlight resilient free cash flow and an improved refining setup. Analyst Commentary Recent research on Exxon Mobil reflects a mix of optimism about the company’s cash generation and refining position, alongside caution about crude prices and sector sentiment.XOM: Cost Savings And Capital Returns Will Support Future Cash Flow Stability
We are trimming our Exxon Mobil fair value estimate slightly to $131.32, reflecting modest tweaks to margin and growth assumptions. Analysts highlight resilient free cash flow, ongoing structural cost savings, and a series of higher price targets in the US$128 to US$156 range that underscore continued confidence in the name.XOM: Structural Cost Savings Will Support Stronger Future Free Cash Flow Resilience
Analysts have nudged their fair value estimate for Exxon Mobil higher, lifting the target by about $3 to roughly $132, citing more resilient free cash flow, slightly stronger long term revenue growth and margin expectations, and structurally lower breakevens that support a modestly higher future earnings multiple. Analyst Commentary Recent Street research reflects a generally constructive but nuanced view of Exxon Mobil, with multiple price target increases balanced by more cautious adjustments and a focus on execution against cycle sensitive cash flows.XOM: Free Cash Flow And Cost Controls Will Support Stability Amid Mixed Outlook
Analysts have slightly increased their fair value estimate for Exxon Mobil to $128.72. They cite the company's resilient free cash flow generation and structural cost savings, which are gradually improving its long-term positioning.XOM: Free Cash Flow Strength And Cost Savings Will Offset Industry Volatility
Exxon Mobil’s analyst price target has increased from $141 to $144 per share, with analysts citing the company’s resilient free cash flow and ongoing structural cost savings as key drivers for the modest upgrade. Analyst Commentary Recent research updates from Street analysts reflect a mix of optimism around Exxon Mobil’s positioning and growth prospects, as well as some reservations regarding the near-term outlook for the energy sector.XOM: Future Dividend Strength And Global Projects Will Balance Sector Risks
Exxon Mobil's analyst price target has increased slightly from $126.16 to $126.88, as analysts cite higher projected revenue growth and improved profit margins, despite mixed signals in recent industry research. Analyst Commentary Recent street research on Exxon Mobil presents a nuanced outlook, with both bullish and bearish analysts weighing in on the company's prospects.Guyana And Permian Growth Will Expand Global Energy Solutions
Exxon Mobil's analyst price target has increased modestly from $124.79 to $126.16 per share. Analysts cite sector return-of-capital strategies and resilient earnings growth as supportive factors, despite mixed industry signals.Weekly Picks: 🛢️ The oil giant the market may still be mispricing and 2 more picks
This week’s picks cover: Why the market currently undervalues the durability of Exxon’s cash flows, why National HealthCare’s temporary profit pressure creates an opportunity, and how Lululemon’s pressure from tariffs and consumer sentiment could be overdone.Exxon Mobil Corporation (NYSE:XOM) Just Released Its Second-Quarter Results And Analysts Are Updating Their Estimates
Shareholders might have noticed that Exxon Mobil Corporation ( NYSE:XOM ) filed its second-quarter result this time...Exxon Mobil's 17.5% Upside Promises Industry-Leading Returns in Energy Transition
This analysis concludes that Exxon Mobil (XOM) represents a compelling investment opportunity, with a fair value of $132.00 per share, implying a 17.5% upside from the current price of $112.32. The BUY recommendation is not based on a speculative bet on higher oil prices, but on the company's fundamental transformation, operational excellence, and disciplined capital allocation that is expected to generate sustainable, industry-leading returns.Weekly Picks: 📈 GOOG's Platform Leverage, PL's Satellite Boom, and XOM's Production Potential
This week’s picks cover: Why Alphabet can leverage its platforms to compound returns, how Planet Labs is positioned for growth in the earth observation industry, and why Exxon’s Guyana and South America operations could deliver upside.Exxon Mobil Corporation's (NYSE:XOM) Low P/E No Reason For Excitement
When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 19x, you may...Exxon in Guyana 5 year forecast Low $135 to High $189
Successful Guyana and South America Deposits: ExxonMobil’s Stabroek Block in Guyana is assumed to achieve full operational success, contributing significantly to production growth. The block is estimaExxon Mobil: DOGE'd And Confused
Summary Exxon Mobil's Q1 2025 earnings report is anticipated with mixed analyst sentiment; price targets range from $93 to $144, with a median of $126. XOM's significant investment in carbon capture technologies won't impact short-term results; petroleum remains its primary revenue driver. DOGE's cost-cutting efforts don't threaten XOM's low carbon projects, but federal 45Q credits for CCUS are crucial for future viability. XOM is a solid investment under $100 per share; its strong balance sheet, dividend yield, and cost-efficient operations justify a soft-buy rating. Read the full article on Seeking AlphaExxon Mobil: Debunking The Fears Of The Energy Skeptics
Summary Exxon Mobil Corporation stock has remained resilient amid the market selloff that battered the tech sector leaders recently. XOM's focus on profitable production growth underscores why energy skeptics have not been able to appreciate its business model. It has a well-diversified business, while ramping up growth CapEx into its upstream opportunities to drive earnings further. XOM's dividend payout with a yield of 3.4% provides clarity for income investors staying for the production upside. While near-term regulatory risks have threatened to hamper sentiments, I argue why XOM investors should ignore the pessimism and load up. Read the full article on Seeking AlphaExxon Mobil Remains Overvalued, But I'm Upgrading On Technical Strength
Summary The technicals have improved significantly since my previous article as an upside breakout is highly probable in the near future. The fundamentals remain unattractive, however, with revenue, EPS, and cash from operations all showing YoY declines. The valuation also seems rich as the P/CFO ratio shows that Exxon Mobil is both overvalued relative to its financials and to peers. I upgrade the stock on the basis of technical strength but it is still not a buy as the fundamental setup remains unattractive. Read the full article on Seeking AlphaExxon Mobil: Sell Before The Oil Becomes Irrelevant
Summary The expected increase in oil supply across the globe in the following years will likely limit ExxonMobil’s upside. As the oil demand is about to peak, it makes no sense to expect ExxonMobil to generate aggressive returns anytime soon. ExxonMobil’s stock is a SELL for us. Read the full article on Seeking AlphaExxon Mobil: The Next Big Energy Cycle Winner
Summary Exxon Mobil targets 50% production growth by 2030, with Permian output rising from 1.5M to 2.3M barrels/day and Guyana reaching 650K barrels/day. Exxon reported $34B in earnings and $55B in operating cash flow in 2024, maintaining a 15% five-year average ROCE. The $3B annual synergies from integrating Pioneer assets enhance Exxon’s cost efficiency and long-term production scalability. If valuation multiples revert to historical highs, XOM stock could see a ~43% upside, making it a strong energy cycle play. Exxon reduced methane intensity by 60% since 2016, reinforcing its regulatory position while maintaining record business reliability metrics. Read the full article on Seeking AlphaExxon Mobil Is A Bet On The Growth Story
Summary Exxon Mobil's strong 2024 performance includes 4.3 million barrels/day production, $34 billion GAAP earnings, and a 3.7% dividend yield, supporting long-term shareholder returns. The company's capital allocation strategy involves $10s of billions in projects starting in 2025, including CCS, LNG, and deepwater oil, driving diversified growth. Exxon Mobil plans 20% production growth by 2030, with substantial cost savings and cash flow increases, ensuring robust shareholder returns. Despite its high valuation, Exxon Mobil's integrated portfolio and strategic investments make it a valuable long-term investment, with risks primarily tied to oil price fluctuations. Read the full article on Seeking AlphaExxon Mobil: Unusual Insider Purchases Signal Entry Opportunities
Summary XOM’s most recent insider activities signal excellent entry points. These activities are unusual in several ways and thus should be a key consideration for potential investors. The current stock price is essentially the same as the price at which the most recent insider purchase was made (of around $109). At this price, XOM's P/E is only 14x and its PEGY (P/E to growth and yield) ratio is 1x, the gold standard many dividend-growth investors seek. Read the full article on Seeking AlphaExxon Mobil: Don't Let This Buying Opportunity Go To Waste (Rating Upgrade)
Summary I cautioned Exxon Mobil investors to be wary about being too aggressive in my last update. That downgrade has panned out. Recent geopolitical tensions and a more aggressive stance against America's adversaries by the Trump administration has helped bolster oil prices. Investors should focus more on XOM's well-diversified business than being fixated on betting on sanctions to drive their bullish thesis. I argue why XOM's pullback has mitigated my previous concerns, as buyers have also returned to help defend against a further slide. While Trump's "drill, baby, drill" mandate could heighten uncertainties, I think the energy sector's leader is well-positioned to ride this out well. Read the full article on Seeking AlphaExxon Mobil: Earnings Adjustments Before The Earnings Announcement
Summary Exxon Mobil has noted major (mostly negative) adjustments to fourth quarter earnings when compared to third quarter earnings. The fourth quarter emphasizes the need for a vision. With a vision, then less emphasis will be on current commodity price fluctuations (especially down) because there is a vision of better in the future. A growth strategy means a better valuation of current earnings due to growing earnings. Pursuing a growth-and-income strategy remains the main goal with new goals replacing achieved goals to keep the strategy in place. Read the full article on Seeking AlphaExxon Mobil: A Solid Prospect With Market-Beating Potential
Summary Exxon Mobil, with a market cap of $491.5 billion, has achieved a 15.2% upside since December, though it has lagged behind the S&P 500's 31.5%. Management's guidance through 2030 highlights significant growth potential in both traditional and new energy sectors, with a $400 billion market opportunity for new products by 2030. Capital expenditures are projected to nearly triple to $140 billion from 2025-2030, aiming for a $30 billion increase in annual operating cash flow. Despite past performance, Exxon Mobil's strategic investments and cost-cutting measures are expected to yield market-beating annualized returns of around 14.2% through 2030. Read the full article on Seeking AlphaExxon Mobil: As 2025 Dawns, The Results Of The Long-Term Plan Appear
Summary Exxon Mobil's management highlighted their commitment to avoiding past stagnation. The company aims to maintain superior performance with consistent cost monitoring and maximum value disposals of non-core units. Management's focus on new goals after achieving current ones signals a proactive approach to sustaining business growth and sustaining dividend growth. The outlined goals aim to lower XOM's breakeven point, enhancing long-term performance compared to previous years. Pursuing a growth-and-income strategy is often less risky for the investor (and requires less monitoring) than a strictly income strategy. Read the full article on Seeking AlphaWhy Exxon Mobil Stock Is Still A 'Buy'
Summary I believe Exxon Mobil stock is a solid long-term investment despite lagging the broader market and high valuation due to its scale and cost-saving initiatives. Despite lower earnings in Q3, Exxon is still putting out a great deal of output - 4.58 million barrels a day, the highest in 40 years. I think XOM's plans for production growth and structural cost savings justify its premium valuation. XOM now has a huge competitive advantage in the energy world, where production costs are the number one way to keep profits high. Exxon is still a great stock today, with tremendous upside opportunities in both traditional energy and low-carbon energy. The stock is a "Buy" Read the full article on Seeking AlphaExxon Mobil Is A Bargain
Summary Exxon Mobil's strong free cash flow and earnings power, supported by high petroleum prices and OPEC+ price support, make it a top energy investment for 2025. The acquisition of Pioneer Resources enhances Exxon Mobil's Permian footprint, boosting its long-term potential for earnings and free cash flow growth. Exxon Mobil's upstream segment, generating 72% of earnings, saw significant growth in oil-equivalent production in Q3'24. Despite risks from potential petroleum price declines, Exxon Mobil's valuation at 14.5X forward earnings and robust capital returns position it well for future growth. Read the full article on Seeking AlphaExxon Mobil: Don't Get Your Hopes Up (For Now)
Summary Exxon Mobil's stock continues to underperform the market, and investors should have expected that. Short-term headwinds for the stock remain, and we might see better entry points in the next 12-month period. Exxon, however, remains well-positioned in the long run, which makes the stock a solid hold for the time being. Read the full article on Seeking AlphaExxon Mobil: What Can We Expect From Q3 Earnings?
Summary Exxon Mobil Corporation will report its Q3 results on Friday. Analysts expect a small revenue decline and a more substantial earnings per share decline. XOM stock has outperformed its peers so far this year and has risen while oil prices pulled back. This has made Exxon Mobil somewhat expensive. Read the full article on Seeking Alpha매출 및 비용 세부 내역
Exxon Mobil가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.
순이익 및 매출 추이
| 날짜 | 매출 | 순이익 | 일반관리비 | 연구개발비 |
|---|---|---|---|---|
| 31 Mar 26 | 326,008 | 25,314 | 12,262 | 0 |
| 31 Dec 25 | 323,905 | 28,844 | 12,107 | 0 |
| 30 Sep 25 | 324,924 | 29,953 | 11,236 | 0 |
| 30 Jun 25 | 329,385 | 31,015 | 10,644 | 0 |
| 31 Mar 25 | 339,894 | 33,173 | 10,530 | 0 |
| 31 Dec 24 | 339,247 | 33,680 | 10,479 | 0 |
| 30 Sep 24 | 339,877 | 33,700 | 10,543 | 0 |
| 30 Jun 24 | 340,655 | 34,160 | 10,868 | 0 |
| 31 Mar 24 | 330,925 | 32,800 | 10,859 | 0 |
| 31 Dec 23 | 334,697 | 36,010 | 10,891 | 0 |
| 30 Sep 23 | 346,799 | 41,130 | 11,247 | 0 |
| 30 Jun 23 | 365,667 | 51,720 | 10,950 | 0 |
| 31 Mar 23 | 397,404 | 61,690 | 11,140 | 0 |
| 31 Dec 22 | 398,675 | 55,740 | 11,132 | 0 |
| 30 Sep 22 | 390,278 | 51,860 | 10,949 | 0 |
| 30 Jun 22 | 354,956 | 38,950 | 10,876 | 0 |
| 31 Mar 22 | 309,269 | 25,790 | 10,623 | 0 |
| 31 Dec 21 | 277,140 | 23,040 | 10,961 | 0 |
| 30 Sep 21 | 242,299 | -5,900 | 11,508 | 0 |
| 30 Jun 21 | 215,879 | -13,330 | 11,789 | 0 |
| 31 Mar 21 | 182,075 | -19,100 | 12,000 | 0 |
| 31 Dec 20 | 179,784 | -22,440 | 11,716 | 0 |
| 30 Sep 20 | 195,877 | 3,320 | 12,081 | 0 |
| 30 Jun 20 | 214,034 | 7,170 | 12,586 | 0 |
| 31 Mar 20 | 249,264 | 11,380 | 13,165 | 0 |
| 31 Dec 19 | 259,497 | 14,340 | 13,437 | 0 |
| 30 Sep 19 | 261,754 | 14,650 | 13,561 | 0 |
| 30 Jun 19 | 272,088 | 17,720 | 13,643 | 0 |
| 31 Mar 19 | 275,812 | 18,540 | 13,803 | 0 |
| 31 Dec 18 | 281,060 | 20,840 | 13,766 | 0 |
| 30 Sep 18 | 276,391 | 23,220 | 14,131 | 0 |
| 30 Jun 18 | 261,554 | 20,950 | 14,031 | 0 |
| 31 Mar 18 | 246,124 | 20,350 | 13,887 | 0 |
| 31 Dec 17 | 237,162 | 19,710 | 13,683 | 0 |
| 30 Sep 17 | 227,563 | 13,010 | 12,716 | 0 |
| 30 Jun 17 | 220,350 | 11,690 | 12,388 | 0 |
| 31 Mar 17 | 215,810 | 10,040 | 11,990 | 0 |
| 31 Dec 16 | 200,628 | 7,840 | 13,250 | 0 |
| 30 Sep 16 | 198,234 | 8,940 | 12,070 | 0 |
| 30 Jun 16 | 205,963 | 10,530 | 12,298 | 0 |
| 31 Mar 16 | 219,872 | 13,020 | 12,408 | 0 |
| 31 Dec 15 | 241,406 | 16,150 | 12,484 | 0 |
| 30 Sep 15 | 261,821 | 19,940 | 12,585 | 0 |
| 30 Jun 15 | 297,642 | 23,770 | 12,782 | 0 |
양질의 수익: XOM는 고품질 수익을 보유하고 있습니다.
이익 마진 증가: XOM의 현재 순 이익률 (7.8%)은 지난해 (9.8%)보다 낮습니다.
잉여현금흐름 대비 순이익 분석
과거 순이익 성장 분석
수익추이: XOM는 지난 5년 동안 흑자전환하며 연평균 15%의 수익 성장을 기록했습니다.
성장 가속화: XOM은 지난 1년 동안 수익이 감소하여 5년 평균과 비교할 수 없습니다.
수익 대 산업: XOM은 지난 1년 동안 수익이 감소(-23.7%)하여 Oil and Gas 업계 평균(3.9%)과 비교하기 어렵습니다.
자기자본이익률
높은 ROE: XOM의 자본 수익률(10%)은 낮음으로 평가됩니다.
총자산이익률
투하자본수익률
우수한 과거 실적 기업을 찾아보세요
기업 분석 및 재무 데이터 상태
| 데이터 | 최종 업데이트 (UTC 시간) |
|---|---|
| 기업 분석 | 2026/05/22 09:56 |
| 종가 | 2026/05/22 00:00 |
| 수익 | 2026/03/31 |
| 연간 수익 | 2025/12/31 |
데이터 소스
당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.
| 패키지 | 데이터 | 기간 | 미국 소스 예시 * |
|---|---|---|---|
| 기업 재무제표 | 10년 |
| |
| 분석가 컨센서스 추정치 | +3년 |
|
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| 시장 가격 | 30년 |
| |
| 지분 구조 | 10년 |
| |
| 경영진 | 10년 |
| |
| 주요 개발 | 10년 |
|
* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.
별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.
분석 모델 및 스노우플레이크
이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.
Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.
산업 및 섹터 지표
산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.
분석가 소스
Exxon Mobil Corporation는 47명의 분석가가 다루고 있습니다. 이 중 20명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
| 분석가 | 기관 |
|---|---|
| William Selesky | Argus Research Company |
| Yim Cheng | Barclays |
| Wei Jiang | Barclays |