ExxonMobil (XOM) is set to report fourth-quarter earnings, with analysts expecting adjusted earnings per share of $1.68. The earnings report is expected to provide updates on Venezuela's oil production and the company's transition to low-carbon operations, including carbon capture programs. Although upstream revenue is expected to decline by $800 million to $1.2 billion sequentially due to falling oil prices, recent strengther oil prices may boost revenue. Analysts maintain an "Overweight" rating on ExxonMobil, with Piper Sandler setting a price target of $142, reflecting confidence in ExxonMobil's growth potential.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
ExxonMobil (XOM) is set to report fourth-quarter earnings, with analysts expecting adjusted earnings per share of $1.68. The earnings report is expected to provide updates on Venezuela's oil production and the company's transition to low-carbon operations, including carbon capture programs. Although upstream revenue is expected to decline by $800 million to $1.2 billion sequentially due to falling oil prices, recent strengther oil prices may boost revenue. Analysts maintain an "Overweight" rating on ExxonMobil, with Piper Sandler setting a price target of $142, reflecting confidence in ExxonMobil's growth potential.