Exxon Mobil Stock Slides on Weak Earnings Outlook Despite Market Gains
• Exxon Mobil (XOM) stock closed lower despite market gains due to projected 37.65% decrease in upcoming quarterly earnings per share and 2.71% revenue decline.
• Stock has dropped 4.98% over past month, underperforming sector and market.
• Full year earnings projected to fall 34.5% year-over-year to $9.21 per share, with 15.22% revenue decline to $350.72 billion.
• Recent estimate revisions reflect near-term business trend shifts; positive revisions correlated with share price momentum.
• Valuations remain higher than industry averages based on forward P/E ratio of 10.81 and PEG ratio of 3.6.