© Reuters
Exxon Mobil Corp. (NYSE: NYSE:) reported its Q3 2023 results, revealing that it surpassed revenue estimates but fell short on earnings per share (EPS). The company’s revenues for the quarter were $90.76 billion, exceeding estimates by 1.65%. However, the EPS was reported at $2.27, below the estimated $2.36 by 3.81%.
Key metrics from the report included global oil-equivalent production as well as worldwide production, which stood at 7,748 Mcf/D. Worldwide production was reported at 2,397 thousand barrels, with Africa contributing 229 thousand barrels.
The company’s Chemical Products segment generated global sales of $5.11 billion. Specialty Products sales were reported at $1.41 billion outside the U.S., contributing to a total of $1.91 billion worldwide. Within the U.S., Specialty Products sales were $498 million.
In terms of operating revenue, Exxon Mobil reported a figure of $88.57 billion, representing a year-on-year change of -16.9%. Other income for the company was reported at $733 million, and income from equity affiliates was at $1.46 billion.
These financial results provide insight into Exxon Mobil’s performance during Q3 2023 and indicate how various segments of the company are contributing to its overall revenues and earnings. It remains to be seen how these figures will impact Exxon Mobil’s operations and strategies in the coming quarters.
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