Exxon Mobil (NYSE:XOM) Full Year 2023 Results

Key Financial Results

• Revenue: US$344.6b (down 14% from FY 2022).
• Net income: US$36.0b (down 35% from FY 2022).
• Profit margin: 11% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue.
• EPS: US$8.89 (down from US$13.26 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Exxon Mobil Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 2.0%.

Looking ahead, revenue is forecast to decline by 5.2% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to remain flat.

Performance of the American Oil and Gas industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You still need to take note of risks, for example - Exxon Mobil has 2 warning signs (and 1 which makes us a bit uncomfortable) we think you should know about.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.