Exxon Mobil stocks despite improved upstream results

The ExxonMobil logo appears above the top of the page. A trading post on the New Ground As the market predicts, Exxon Mobil (NYSE: XOM), the world's largest publicly traded oil and gas company, has seen a sharp improvement in its trading turnover. June quarter backed by the New York Stock Exchange.However, the company's earnings declined due to lower than expected upstream production, lower chemical margins and adverse rate effects. foreign exchange, which has made it miss its earnings forecasts, but we believe that the company's focus on the Permian Basin and new offshore discoveries in Guyana and Brazil, as well as LNG in Mozambique, will represent an important part of long-term value [19659007] We currently have a price estimate of $ 80 per share for Exxon Mobil, which is the market price. Check out our interactive dashboard for Exxon Mobil and modify the key factors to see the impact on the company's badessment.

Key highlights of the second quarter results of 18

• Exxon's upstream business improved due to higher prices during the quarter. However, the positive impact of better pricing was offset by lower production due to scheduled maintenance and a seasonal decline in demand. That said, the company has managed to increase oil production by 25% in the Permian Basin and in the Bakken area compared to the first quarter of 2018. We anticipate that ramp-up in these areas will drive the upstream value of oil. # 39; Exxon. Downstream activities were reinforced by strong refining margins in North America and Europe, driven by seasonal demand and industry-wide maintenance. In addition, the widening gap between WTI and Brent has further strengthened refining margins in North America. However, the chemical division experienced lower margins, with higher costs for food and energy exceeding the higher achievements. In addition, the strengthening of the US dollar against the euro and the pound sterling led to unfavorable currency effects for the company, resulting in lower earnings for the quarter. Still, the company announced a net profit of $ 4 billion, or $ 0.92 per share, up 18% from the same quarter of last year.

Next Steps

• Exxon Mobil will continue to reduce its exposure to gas strengthen its portfolio. As a result, the Company expects its average volumes in 2018 to be approximately 3.8 million barrels of oil equivalent per day, excluding the impact of its divestment program
• Deepwater projects of Exxon in Ghana and Brazil, unconventional liquids in the Permian Basin. LNG opportunities cost in Papua New Guinea, and Mozambique has significant growth potential for the company and should contribute to its long-term value.

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The ExxonMobil logo appears over a trading post of the New York Stock Exchange (AP Photo / Richard Drew , record)

As expected by the market, Exxon Mobil (NYSE: XOM), the largest publicly traded oil and gas company in the world, recorded a strong improvement in its revenue in June, supported by As a result, its stock has fallen by almost 3% after the announcement of its results, but we believe that the focus put by the company on the discoveries offshore basins and new discoveries in Guyana and Brazil, and LNG opportunities in Mozambique, will generate much of its value in the long term.

We currently have an estimated price of $ 80 per share for Exxon Mobil, which is in line with its market price. active for Exxon Mobil and modify the key factors to see the impact on the badessment of the company.

2Q18 Earnings Highlights

• Exxon's upstream activities improve through higher realized prices during the quarter. However, the positive impact of better pricing was offset by lower production due to scheduled maintenance and a seasonal decline in demand. That said, the company has managed to increase oil production by 25% in the Permian Basin and in the Bakken area compared to the first quarter of 2018. We anticipate that ramp-up in these areas will drive the upstream value of oil. # 39; Exxon. Downstream activities were reinforced by strong refining margins in North America and Europe, driven by seasonal demand and industry-wide maintenance. In addition, the widening gap between WTI and Brent has further strengthened refining margins in North America. However, the chemical division experienced lower margins, with higher costs for food and energy exceeding the higher achievements. In addition, the strengthening of the US dollar against the euro and the pound sterling led to unfavorable currency effects for the company, resulting in lower earnings for the quarter. Still, the company announced a net profit of $ 4 billion, or $ 0.92 per share, up 18% from the same quarter of last year.

Next Steps

• Exxon Mobil will continue to reduce its exposure to gas strengthen its portfolio. As a result, the Company expects its average volumes in 2018 to be approximately 3.8 million barrels of oil equivalent per day, excluding the impact of its divestment program
• Deepwater projects of Exxon in Ghana and Brazil, unconventional liquids in the Permian Basin. LNG opportunities are expensive in Papua New Guinea, and Mozambique has significant growth potential for the company and should contribute to its long-term value.

What is behind Trefis? See how he propels the new collaboration and What-Ifs

for CFOs and Finance Teams | Product, R & D and Marketing Teams

More Trefis Research

Like our maps? Explore examples of interactive dashboards and create your own.