Exxon Mobil Third Quarter 2024 Earnings: Beats Expectations

Exxon Mobil (NYSE:XOM) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$90.0b (flat on 3Q 2023).
• Net income: US$8.61b (down 5.1% from 3Q 2023).
• Profit margin: 9.6% (in line with 3Q 2023).
• EPS: US$1.92 (down from US$2.25 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Exxon Mobil Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 2.1%.

Looking ahead, revenue is expected to decline by 2.4% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 2.8%.

Performance of the American Oil and Gas industry.

The company's shares are down 3.8% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Exxon Mobil that you should be aware of.

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