ExxonMobil is set to announce earnings results this Friday before market hours, with analysts expecting revenue to grow 33.2% year on year, a sharp reversal from the 12.4% decline in the same quarter last year. The company beat revenue expectations last quarter, reporting $85.14 billion, up 2.4% year on year, along with a beat on EPS estimates and 5% oil production growth. Analysts have generally reconfirmed their estimates over the last 30 days, though ExxonMobil has missed Wall Street revenue estimates multiple times over the past two years. Among peers in the upstream and integrated segment, World Kinect posted 50.3% revenue growth and Cactus reported a 64.3% increase, both topping expectations. ExxonMobil shares are up 14.7% over the last month, heading into earnings with an average analyst price target of $167.23 compared to the current share price of $156.81.
Cactus Inc
World Kinect CorporationExxon Mobil CorpArticle reports upcoming earnings with expected revenue growth and analyst estimates, but no actual results yet; impact is uncertain.