• Sign up for the Daily Digest E-mail
  • Facebook
  • X
  • LinkedIn

BOE Report

Sign up
  • Home
  • StackDX Intel
  • Headlines
    • Latest Headlines
    • Featured Companies
    • Columns
    • Discussions
  • Well Activity
    • Well Licences
    • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts/Data
    • CAOEC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
    • Data
      • Canada Oil Market Data
      • Canada NG Market Data
      • USA Market Data
      • Data Downloads
  • Jobs

Exxon Q4 earnings poised to exceed pre-pandemic level -analysts

January 3, 20221:15 PM Reuters

Exxon Mobil Corp’s fourth quarter profit should top Wall Street’s consensus and surpass its pre-pandemic levels, lifted by better-than-expected earnings from oil and gas, analysts said.

Credit Suisse, Scotiabank and JPMorgan have raised their fourth quarter earnings estimates following Exxon’s flagging of sharply higher oil and gas operating profit last week. Official results are due on Feb. 1.

The higher earnings outlooks lifted Exxon shares 3.8% on Monday to $63.51 on top of Friday’s less than 1% gain. The stock rose 48% last year but remains below where it traded two years ago.

In 2020, the largest U.S. oil producer suffered a historic $22.4 billion loss from falling oil prices and lower refining margins. Cost cuts and energy price hikes allowed it to pay down debt and plot a share buyback program this year.

An Exxon securities filing signaled quarterly results “above the midpoint” of prior guidance and “well above pre-pandemic levels,” Credit Suisse analyst Manav Gupta wrote in a note on Friday.

The company could earn $8.2 billion, or $1.93 per share, according to the mid-point average estimate of the three banks that have updated their estimates, excluding one-time items. That is above analysts’ adjusted profit of $1.79 per share as tallied by Refinitiv IBES.

Exxon also signaled mark-to-market gains of up to $1.1 billion for oil and gas and refined products. Proceeds from asset sales including its U.K. North Sea assets could deliver up to $500 million, according to a Securities and Exchange Commission filing.

(Reporting by Sabrina Valle Editing by Marguerita Choy)

Exxon Mobil

Follow BOE Report
  • Facebook
  • X
  • LinkedIn

Sign up for the BOE Report Daily Digest E-mail

Successfully subscribed

Latest Headlines
  • 2025 SECURE Stampede Charity Party Raises Record-Breaking $1,024,500 For Four Vital Charities
  • July 2025 Energy Market Overview: Volatility & Resilience
  • Stocks fall, gold rises after Trump sets tariff sights on Canada
  • Canada back in tariff crosshairs
  • Oil climbs on potential Russia sanctions; OPEC+ output, tariffs weigh

Return to Home
Alberta GasMonthly Avg.
CAD/GJ
Market Data by TradingView

    Report Error







    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    • Editorial Policy
    Resources
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contact
    • Report Error
    BOE Network
    © 2025 Stack Technologies Ltd.