Exxon (XOM) Reports Q2 Earnings: What Key Metrics Have to Say
For the quarter ended June 2023, Exxon Mobil (XOM) reported revenue of $82.91 billion, down 28.3% over the same period last year. EPS came in at $1.94, compared to $4.14 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $78.85 billion, representing a surprise of +5.16%. The company delivered an EPS surprise of -3.00%, with the consensus EPS estimate being $2.00.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Exxon performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Oil-equivalent production per day: 3608 KBOE/D versus 3729.63 KBOE/D estimated by six analysts on average.
Natural gas production available for sale per day - Worldwide: 7529 Mcf/D versus 8043.06 Mcf/D estimated by five analysts on average.
Net production of crude oil, natural gas liquids, bitumen and synthetic oil per day - Worldwide: 2353 KBBL/D compared to the 2391.64 KBBL/D average estimate based on five analysts.
Natural gas production available for sale per day - Asia: 3350 Mcf/D versus 3459.96 Mcf/D estimated by four analysts on average.
Natural gas production available for sale per day - Australia / Oceania: 1275 Mcf/D versus the four-analyst average estimate of 1344.35 Mcf/D.
Natural gas production available for sale per day - Total International (excl. U.S): 5183 Mcf/D versus the four-analyst average estimate of 5611.18 Mcf/D.
Net production of crude oil, natural gas liquids, bitumen and synthetic oil per day - Total International (excl. U.S): 1568 KBBL/D compared to the 1574.98 KBBL/D average estimate based on four analysts.
Natural gas production available for sale per day - Africa: 86 Mcf/D compared to the 197.56 Mcf/D average estimate based on four analysts.
Natural gas production available for sale per day - Europe: 375 Mcf/D versus 484.59 Mcf/D estimated by four analysts on average.
Natural gas production available for sale per day - United States: 2346 Mcf/D versus 2482.14 Mcf/D estimated by four analysts on average.
Revenues- Sales and other operating revenue: $80.80 billion compared to the $82.87 billion average estimate based on five analysts.
Revenues- Income from equity affiliates: $1.38 billion versus the three-analyst average estimate of $2.15 billion.
View all Key Company Metrics for Exxon here>>>
Shares of Exxon have returned -1.2% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Exxon Mobil Corporation (XOM) : Free Stock Analysis Report
