Exxon Mobil Corporation Reports Higher Q3 EPS; Beats Estimates (XOM)

Before Friday’s opening bell, oil giant Exxon Mobil Corporation (XOM) reported higher third quarter earnings, which beat analysts’ expectations. 

XOM’s Earnings in Brief

XOM reported third quarter net income of $8.070 billion, or $1.89 per share, compared to $7.870 billion, or $1.79 per share, in the same quarter last year. Revenue totaled $107.49 billion, down from $112.37 billion. On average, analysts expected to see earnings of $1.71 per share and $105.51 billion in revenue.

CEO Commentary

The company’s CEO and chairman Rex Tillerson noted: “We continue to meet our operational and project development objectives. Upstream production for 2014 remains on track with previous full-year estimates of 4 million oil-equivalent barrels per day as the company adds new production from project startups.”

XOM’s Dividend

The company will pay its next 69 cent dividend on December 12. The stock will go ex-dividend on November 7.

Stock Performance

Exxon Mobil shares were up $1.05, or 1.11%, during pre-market trading. The stock is down 6.67% YTD.

XOM Dividend Snapshot

As of market close on October 30, 2014

Click here to see the complete history of XOM dividends.