Categories AlphaGraphs, Earnings, Energy
XOM Earnings: ExxonMobil Q1 2023 profit jumps despite lower revenues
Energy giant ExxonMobil Corporation (NYSE: XOM) on Friday announced financial results for the first quarter of 2023, reporting strong growth in net profit and a modest decline in revenues.
Total revenues and other income declined 4% to $86.56 billion in the March quarter from $90.5 billion in the same period of 2022. Oil and gas net production increased by nearly 300,000 oil-equivalent barrels per day from the prior-year quarter, excluding divestments, entitlements, and Sakhalin-1 expropriation.
Net income attributable to ExxonMobil was $11.4 billion, or $2.79 per share, which is sharply higher than the $5.48 billion or $1.28 per share reported last year. Adjusted earnings climbed 37% annually to $2.83 per share.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Take-Two Interactive Software (TTWO) Earnings: 4Q24 Key Numbers
Take-Two Interactive Software, Inc. (NASDAQ: TTWO) reported net revenue of $1.40 billion for the fourth quarter of 2024, which was down 3% year-over-year. Net loss was $2.90 billion, or $17.02
Applied Materials (AMAT) Earnings: 2Q24 Key Numbers
Applied Materials, Inc. (NASDAQ: AMAT) reported revenue of $6.65 billion for the second quarter of 2024, which remained flat year-over-year. GAAP net income increased 9% to $1.72 billion and EPS
What to expect when Macy’s (M) reports its Q1 2024 earnings results
Shares of Macy’s, Inc. (NYSE: M) stayed green on Thursday. The stock has gained 23% over the past 12 months. The retailer is scheduled to report its first quarter 2024
