EXXON MOBIL Posts Record-breaking Results For 3rd Quarter

Trending News 🌥️

Exxon Mobil ($NYSE:XOM) is one of the world’s largest oil and gas companies. It is an integrated major, meaning that it explores for, produces, and refines crude oil and natural gas. The company posted record-breaking results for the third quarter of this year. Sales for the quarter were $112 billion, and operating profits were $25 billion. These figures are well ahead of what Exxon Mobil has achieved in previous quarters, and reflect the benefits that the company is reaping from high oil and gas prices. The majority of Exxon’s sales still come from crude oil, but the company is seeing an increase in revenues from natural gas.

This is due to the growing demand for gas, as well as the high prices that gas commands at present. Exxon is also benefiting from its size and scale, which allows it to operate very efficiently and generate high profits. Looking ahead, Exxon Mobil is well placed to continue its strong performance. It is investing heavily in exploration and production, and is also expanding its refining and marketing operations. This will help to ensure that the company remains one of the world’s leading energy producers for many years to come.

Earnings

In its latest earning report for the fiscal year 2022 third quarter ending September 30, EXXON MOBIL posted record-breaking results, earning 386.8 billion USD in total revenue and 51.9 billion USD in net income. Compared to the previous year, this represented a 39.8% increase in total revenue and a 125.7% increase in net income. EXXON MOBIL’s total revenue has grown from 178.6 billion USD to 386.8 billion USD over the last three years, and the company shows no signs of slowing down. With its strong financial position and solid operational performance, EXXON MOBIL is well-positioned to continue delivering strong results for shareholders.

Market Price

In the wake of mostly positive news, EXXON MOBIL stock opened at $109.5 on Monday and closed at $110.8, up by 0.1% from its previous closing price of 110.7. The company attributed the strong results to higher crude oil and natural gas prices, as well as increased refining margins.

VI Analysis

Company’s fundamentals reflect its long term potential, and the VI Star Chart helps to identify which type of company EXXON MOBIL is. Cheetah companies are those that have achieved high revenue or earnings growth, but are considered less stable due to lower profitability. Investors interested in such companies should be aware of the risks involved.

However, EXXON MOBIL has a high health score of 9/10 with regard to its cashflows and debt, indicating that it is capable of sustaining future operations in times of crisis. The company is also strong in dividend payments and medium in asset and growth potential.

VI 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

It is a major player in the oil and gas industry, with a strong focus on upstream activities. The company has a strong track record of delivering shareholder value, with an annual dividend yield of more than 4%. It is also one of the most efficient oil and gas companies in the world, with a low cost of production. EXXON MOBIL is a very attractive investment for long-term investors.

It is a large, well-established company with a strong track record of delivering shareholder value. It is also a very efficient oil and gas producer, with a low cost of production.