EXXON MOBIL Reports 43.7% Increase in Revenue for Fourth Quarter of FY2022.

Earnings report

EXXON MOBIL ($NYSE:XOM), a publicly traded multinational oil and gas corporation, announced a 43.7% increase in revenue for the fourth quarter of FY2022 ending December 31 2022. The company’s total revenue amounted to USD 12.8 billion, with a reported net income of USD 93.2 billion, up 9.7% from the same quarter last year, on January 31 2023. With its impressive capital spending and exploration operations, EXXON MOBIL has been able to increase its production capacity and secure access to new sources of oil and gas. The company has also launched various initiatives to reduce costs and boost efficiency across its business operations, resulting in improved profitability.

Going forward, EXXON MOBIL intends to continue investing in exploration activities and expanding its presence in the international market. The company is also planning to invest heavily in alternative energy sources in order to reduce its carbon footprint and move towards a more sustainable business model.

Stock Price

This significant increase in revenue is due to the company’s various initiatives taken in the year such as increased production and refining of oil, natural gas, and petrochemicals. Furthermore, EXXON MOBIL has seen steady growth in their profits, increasing them by 12% year over year. The company attributed this success to higher prices realized across their product portfolio and an increase in refining and chemical margins. This growth was also supported by the company’s operational and cost efficiency initiatives.

Moreover, the company also invested heavily in its downstream business, with investments in both refineries and chemical plants. With the company’s focus on increasing production, refining, and chemical margins, as well as investing heavily in capital investments, EXXON MOBIL is poised to remain profitable and competitive in the global energy market. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

Some of the financial key ratios for Exxon Mobil are shown below. More…

Analysis

GoodWhale has conducted an analysis of EXXON MOBIL‘s wellbeing and concluded that it is a low risk investment in terms of financial and business aspects. This is based on a Risk Rating of the company. However, GoodWhale has detected two risk warnings which indicate that investors should exercise caution when investing in EXXON MOBIL. These warnings have been identified from the income sheet and balance sheet of the company. It is important to note that while EXXON MOBIL may seem like a low risk investment, investors should be aware of the two risk warnings identified by GoodWhale. Although these warnings may not directly impact the financial health of EXXON MOBIL, they do point out areas where caution should be taken before investing. GoodWhale recommends that potential investors register with them to gain access to the full report on EXXON MOBIL’s wellbeing and risk rating. By registering with GoodWhale, investors can gain full insights into EXXON MOBIL’s financial and business aspects, as well as the risk factors associated with investing in the company. By conducting an analysis of EXXON MOBIL’s wellbeing, GoodWhale has provided potential investors with valuable information to consider before making a decision to invest in the company. With this knowledge, investors can make a more informed decision and better manage their risk exposure when investing in EXXON MOBIL. More…

Peers

The oil and gas industry is a highly competitive sector. The largest oil companies in the world, Exxon Mobil Corp, Chevron Corp, BP PLC, and Hess Corp, are all vying for market share. These companies have different strengths and weaknesses, and each is trying to outmaneuver the others in order to gain an advantage.

– Chevron Corp ($NYSE:CVX)

Chevron is an American energy company with a market cap of 313.46B as of 2022. Chevron is engaged in every aspect of the oil, natural gas, and geothermal energy industries, including exploration, production, refining, marketing, and transportation. Chevron also has interests in chemicals, mining, and power generation. Chevron’s return on equity was 16.97% as of 2022.

– BP PLC ($LSE:BP.)

HSBC Holdings plc is a British multinational banking and financial services holding company headquartered in London, United Kingdom. It is the world’s fourth-largest bank by total assets and the largest in Europe with total assets of US$2.374 trillion. HSBC traces its origin to a hong in Hong Kong, and its present form was established in London by the Hongkong and Shanghai Banking Corporation to act as a new group holding company in 1991. The last surviving member of the Hong Kong banking conglomerate, The Hongkong and Shanghai Banking Corporation Limited, was renamed HSBC Holdings plc in May 1999.

As of March 2018, HSBC is organized into four business groups: Commercial Banking, Global Banking and Markets, Retail Banking and Wealth Management, and HSBC Holdings. HSBC has a dual primary listing on the Hong Kong Stock Exchange and London Stock Exchange, and is a constituent of the Hang Seng Index and the UK FTSE 100 Index. As of 6 July 2012, it had a market capitalization of £102.7 billion, the second-largest company listed on the London Stock Exchange, after Royal Dutch Shell. It has secondary listings on the New York Stock Exchange, Euronext Paris, and the Bermuda Stock Exchange.

In 2015, HSBC was investigated by the US Senate for allegedly facilitating money laundering for drug cartels and terrorist groups. The allegations date back to 2002 and HSBC’s involvement with Mexican drug lord Osiel Cárdenas Guillén. On 11 December 2015, HSBC agreed to pay US$1.256 billion to settle the charges.

– Hess Corp ($NYSE:HES)

Hess is a leading international independent energy company engaged in the exploration and production of crude oil and natural gas. Hess has a market cap of $37.9 billion as of 2022 and a return on equity of 29.47%. The company has a long history of success in the oil and gas industry, and its operations are primarily focused in the United States, the United Kingdom, Norway, Denmark, Malaysia, and Indonesia. Hess is committed to providing its shareholders with value through a combination of strong operating performance, disciplined capital management, and a commitment to sustainable development.

Summary

Exxon Mobil has reported strong Q4 results for FY2022, with total revenue of USD 12.8 billion, a 43.7% increase year-over-year. Furthermore, the company achieved a reported net income of USD 93.2 billion, a 9.7% increase year-over-year. These impressive results demonstrate Exxon Mobil’s continued success and financial stability, making it an attractive investment opportunity. The company is also due to benefit from its diverse business lines, which span across the energy sector and include oil and gas production, refining, and refining chemicals and lubricants.

In conclusion, Exxon Mobil is a strong investment opportunity. With its impressive Q4 results and future growth prospects, investors have the potential to earn significant returns from investing in Exxon Mobil stock.