Exxon Beats Expectations as Record Production Offsets Lower Oil Prices
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مدعوم بالذكاء الاصطناعيExxonMobil exceeded earnings expectations in Q4, driven by record production in the Permian basin and offshore Guyana, despite lower oil prices.
Market impact analysis based on bullish sentiment with 90% confidence.
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Despite lower oil prices, ExxonMobil (NYSE: XOM) booked higher-than-expected earnings for the fourth quarter as quarterly production in the Permian basin and offshore Guyana set new records. Exxon reported on Friday earnings excluding identified items of $7.3 billion for the fourth quarter, or $1.71 per share. This beat the analyst consensus estimate of $1.70 per share. Earnings were lower in the fourth quarter from a year earlier, due to lower oil prices and weak chemicals margins. Early this month, Exxon had flagged an $800 million to $1.2…
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