Company News: Exxon Mobil (XOM) posts smaller-than-forecast quarterly loss

Market news

30 October 2020

Company News: Exxon Mobil (XOM) posts smaller-than-forecast quarterly loss

Exxon Mobil (XOM) reported Q3 FY 2020 loss of $0.15 per share (versus earnings of $0.75 per share in Q3 FY 2019), better than analysts’ consensus estimate of -$0.24 per share.

The company’s quarterly revenues amounted to $46.199 bln (-29.0% y/y), missing analysts’ consensus estimate of $48.357 bln.

XOM fell to $32.75 (-0.67%) in pre-market trading.

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