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- Exxon Mobil latest results announced
- 1 Month +55%
- 3 Month +14.33%
- Year-to-date +40.66%
- 1 Year +50.37%
- Morgan Stanley: $103
- Wells Fargo: $107
- Citigroup: $80
- Barclays: $91
News & AnalysisExxon Mobil Corporation reported its first quarter financial results before the opening bell on Wall Street on Friday.
The oil and gas giant reported revenue of $90.5 billion in the first quarter of 2022 vs. $82.839 billion expected.
Earnings per share came in below of analyst estimates at $2.07 per share vs. $2.23 per share expected.
”The quarter illustrated the strength of our underlying business and significant progress in further developing our competitively advantaged production portfolio,” Darren Woods, chairman and CEO of Exxon Mobil said in a press release following the latest report.
”Earnings increased modestly, as strong margin improvement and underlying growth was offset by weather and timing impacts. The absence of these temporary impacts in March provides strong, positive momentum for the second quarter,” he added.
Exxon Mobil Corporation chart
Shares of Exxon were down by around 1% during the session on Friday at $86.15 per share.
Here is how the stock has performed in the past year:
Exxon Mobil price targets
Exxon Mobil Corporation is the 17th largest company in the world with a market cap of $364.71 billion.
You can trade Exxon Mobil Corporation (XOM) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD.
Sources: Exxon Mobil Corporation, TradingView, CompaniesMarketCap
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Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.
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