What Are The Annual Revenue Expectations for Exxon Mobil Stock?
Exxon Mobil (NYSE: XOM) is one of the world’s largest publicly traded international oil and gas companies. It is also the largest direct descendant of John D. Rockefeller’s Standard Oil Company, and was formed on November 30, 1999 by the merger of Exxon and Mobil. The company is headquartered in Irving, Texas, and its Chairman and CEO is Darren Woods.
As of 2019, ExxonMobil’s shares were valued at $69.57 per share resulting in a market capitalization of $345 billion. In 2018, ExxonMobil reported an annual revenue of $279.9 billion, making it the second-largest company by revenue in the United States behind Walmart.
Looking ahead to 2019, analysts expect that Exxon Mobil’s revenue will reach $290.5 billion, an increase of 3.8% from 2018. This would put ExxonMobil’s revenue ahead of Walmart’s for the first time in a decade.
What Do Analyst Reports Say About XOM?
Analysts expect Exxon Mobil’s earnings per share (EPS) to grow by 5.5% in 2019 to $9.45 per share. This would be the highest EPS growth rate for Exxon Mobil since 2010. The company’s strong earnings growth is being driven by higher oil and gas prices, as well as cost-cutting measures implemented by management.
Exxon Mobil’s share price has been on a tear in recent years, rising from a low of $47.60 in February 2016 to a high of $84.88 in October 2018. The shares have pulled back in 2019, but are still up around 30% from their 2016 lows.
Investors who are looking for exposure to the energy sector may want to consider buying Exxon Mobil stock. The company is a leaders in the oil and gas industry, and its strong earnings growth should continue to support share price gains in the future.
Final Thoughts On What Are The Annual Revenue Expectations for Exxon Mobil Stock?
Overall, XOM and the rest of the energy and oil sectors are primed to have a fantastic quarter and year given oil prices. Time will tell how earnings reflect price volatility with regards to the price of XOM in the near term. Subscribe for more info!
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