Exxon Mobil Corporation Up 1.79% To $115.59 After Earnings

Exxon Mobil Corporation (XOM) said before open Tuesday that it broke even in quarter four 2022.

In the same quarter a year ago, the company earned $2.05 per share on revenue of $85 billion.

The stock is up 1.79% to $115.59 after the report.

Exxon Mobil Corporation's profit margins maintained as both earnings and revenue declined at the same pace.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 78. Meanwhile, the average Wall Street analyst rated the stock a Buy.

ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2021, it produced 2.3 million barrels of liquids and 8.5 billion cubic feet of natural gas per day. At the end of 2021, reserves were 18.5 billion barrels of oil equivalent, 66% of which were liquids. The company is the world's largest refiner with a total global refining capacity of 4.6 million barrels of oil per day and one of the world's largest manufacturers of commodity and specialty chemicals.