EXXON MOBIL Reports Record Fourth Quarter Earnings of USD 12.8 Billion for FY2022, Up 43.7% Year Over Year.

Earnings report

On January 31 2023, EXXON MOBIL ($NYSE:XOM) reported its FY2022 fourth quarter earnings results as of December 31 2022. EXXON MOBIL is one of the world’s largest integrated energy companies and a leading international oil and gas producer. The results of the quarter show that EXXON MOBIL had a record fourth quarter, with total revenue of USD 12.8 billion, a 43.7% increase from the same period of the previous year. This was largely driven by higher crude oil prices and increased production across the company’s global operations. Net income was also up 9.7% year over year to USD 93.2 billion. These strong fourth quarter results underscore EXXON MOBIL’s commitment to operational excellence and its ability to adapt to a challenging operating environment.

The company has continued to invest in its core business and is well-positioned for long-term growth. These results also demonstrate how well-positioned EXXON MOBIL is to capitalize on industry trends and create value for shareholders. Overall, EXXON MOBIL reported record fourth quarter earnings of USD 12.8 billion for FY2022, up 43.7% year over year, as well as net income up 9.7%, indicating that the company remains well-positioned for success. Going forward, EXXON MOBIL will continue to focus on operational efficiency and creating value for shareholders as it continues to drive growth and profitability.

Price History

This was a major boost to their stock price, which opened at $112.1 and closed at $116.0, up by 2.2% from last closing price of 113.6. Exxon Mobil’s financial performance was driven by strong production growth and higher oil and natural gas prices, which helped the company to post higher profits in the fourth quarter.

In addition, the company took advantage of its strong cash flow and increased its dividend by 3 cents per share. In addition to its financial results, EXXON MOBIL announced several strategic investments in the fourth quarter. EXXON MOBIL also announced plans to expand its global presence by opening new offices in Singapore and India, while increasing its presence in China with a new regional headquarters in Shanghai. The company’s strong performance in the fourth quarter has given investors confidence that the company is well-positioned for future growth and profitability. With these positive results, EXXON MOBIL is well-positioned to continue its success into FY2023. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Exxon Mobil. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Exxon Mobil. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Exxon Mobil. More…

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 fundamentals and determined it to be a low risk investment in terms of financial and business aspects. GoodWhale has identified two risk warnings in EXXON MOBIL’s income sheet and balance sheet which may be concerning for investors. EXXON MOBIL is an established company with a history of success in the energy industry. It has a strong balance sheet with plenty of assets, allowing it to remain solvent in times of economic turmoil. Furthermore, its cash flow is expected to be stable and healthy, providing it with a strong foundation for future growth. The company also has a healthy dividend yield, providing investors with an attractive return on their investment. Additionally, its debt levels are low relative to its equity and it has ample liquidity. These factors, combined with its diversified portfolio of products, make it an appealing choice for investors. GoodWhale’s analysis reveals that EXXON MOBIL is well-positioned to handle economic volatility and has a solid long-term outlook. It is not facing any significant risks that would cause investors to lose their capital or reduce returns. Register with us to learn more about EXXON MOBIL’s fundamentals and the two minor risk warnings identified by GoodWhale. 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 had a strong fourth quarter in FY2022, with total revenue of USD 12.8 billion, up 43.7% from the same period in the previous year. Net income was USD 93.2 billion, an increase of 9.7% year over year. This was driven by higher oil and gas prices, increased production, and higher refining margins. For investors, this is good news as it shows the company’s financial health is strong and its outlook is positive. Exxon Mobil’s strong performance is a result of its diversified business model and its focus on operating efficiency. Through its upstream, downstream and chemicals segments, Exxon is able to capitalize on different markets, while maintaining its cost structure and managing risk.

As a result, it is well positioned to take advantage of opportunities in different parts of the energy market, while limiting downside risks. In short, Exxon Mobil’s record earnings in the fourth quarter of FY2022 indicate that the company is in a very good position going forward. With its diverse business model and commitment to cost management, it is well placed to capitalize on future opportunities and minimize downside risks. This makes it a strong investment for those seeking long-term returns.