ExxonMobil’s Profits Top Estimates on Highest Production in a Decade | Global News Avenue

Although the revenue is less than the expected income in the fourth quarter, as the oil and natural gas giants said, its output in 2024 has reached ten years ago, but the profit of Exxon Mobil still exceeds analysts’ estimates.

Exxonmobil (Xom) On Friday, according to the estimate of Visible Alpha compiled, it generated $ 83.43 billion in revenue in the last quarter of 2024, which was slightly reduced from the same time a year ago. $ 1 billion.

Although the income is insufficient, the company’s net income is roughly $ 7.61 billion, that is, $ 1.72 per share, the highest estimation value.

The company said that production is about 4.6 Millions of barrels of oil equivalent (BOED) In the fourth quarter. This made the annual output of the whole year reached more than 4.3 million, 16 % higher than last year, and the annual production level in the past ten years was the highest.

The result of ExxonMobil and the rival’s oil and natural gas producer Chevron (CVX),, See income With insufficient profits, the highest estimation value is insufficient.

Although profit is better than expected, on Friday morning, Exxon Mobil’s shares fell about 1 %.