Exxon Mobil (NYSE:XOM) reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Exxon Mobil announced earnings per share of $0.41 on revenue of $67.17B. Analysts polled by anticipated EPS of $0.48 on revenue of $64.29B. That with comparison to EPS of $1.29 on revenue of $71.9B in the same period a year before. Exxon Mobil had reported EPS of $0.68 on revenue of $65.05B in the previous quarter. Analysts are expecting EPS of $0.79 and revenue of $65.35B in the upcoming quarter.
Exxon Mobil shares are down 7% from the beginning of the year , still down 22.40% from its 52 week high of $83.49 set on April 23, 2019. They are under-performing the S&P Global (NYSE:SPGI) 100 which is down 0% year to date.
Exxon Mobil shares lost 0.06% in pre-market trade after the report.
Exxon Mobil follows other major Energy sector earnings this month
Exxon Mobil's report follows an earnings missed by Royal Dutch Shell B ADR on Thursday, who reported EPS of $0.74 on revenue of $84.01B, compared to forecasts EPS of $0.81 on revenue of $81.73B.
Schlumberger had beat expectations on January 17 with fourth quarter EPS of $0.39 on revenue of $8.23B, compared to forecast for EPS of $0.37 on revenue of $8.16B.
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