ExxonMobil reported an EPS of $1.92, beating the estimated $1.88. The company's revenue of $90.02 billion fell short of the expected $93.98 billion. Announced a 4% increase in its quarterly dividend, boosting investor confidence. ExxonMobil (NYSE:XOM) is a leading oil and gas corporation known for its extensive global operations in the energy sector. The company explores, produces, and sells crude oil, natural gas, and petroleum products. It competes with other major players like Chevron and BP. On November 1, 2024, ExxonMobil reported earnings per share (EPS) of $1.92, surpassing the estimated $1.88. Despite the earnings beat, ExxonMobil's revenue of $90.02 billion fell short of the expected $93.98 billion. CEO Darren Woods emphasized the company's highest liquids production level in over 40 years, highlighting the tangible results of their transformation efforts. This production milestone is a significant achievement for the company, reflecting its operational efficiency and strategic focus. ExxonMobil's stock rose by 1.8% early on Friday, driven by the positive earnings surprise. The company also announced a 4% increase in its quarterly dividend, which further boosted investor confidence. This move indicates ExxonMobil's commitment to returning value to shareholders, even amid revenue shortfalls, as highlighted by Market Watch. The company's financial metrics provide additional insights into its performance. ExxonMobil has a price-to-earnings (P/E) ratio of 14.83 and a price-to-sales ratio of 1.52, indicating how the market values its earnings and revenue. The enterprise value to sales ratio is 1.57, and the enterprise value to operating cash flow ratio is 9.81, reflecting the company's valuation and cash-generating ability. ExxonMobil maintains a conservative capital structure with a debt-to-equity ratio of 0.16, suggesting limited reliance on debt. The current ratio of 1.36 indicates a strong ability to cover short-term liabilities with short-term assets. These financial metrics, combined with an earnings yield of 6.74%, provide a comprehensive view of ExxonMobil's financial health and investment potential.
E xxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals;