LONDON, March 2, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Investor-Edge.com has issued free post-earnings briefing on Exxon Mobil Corp. (NYSE: XOM). On February 02, 2015, the company reported its financial results for Q4 FY14 and full year FY14 (period ended December 31, 2014). Click on http://get.Investor-Edge.com/pdf/?c=Exxon%20Mobil&d=02-Mar-2015&s=XOM to read our free earnings review on Exxon Mobil Corporation (ExxonMobil). The company's total revenues and other income came in at $87.28 billion for Q4 FY14 and $411.94 billion for FY14. Our free coverage report can be accessed at:
http://get.Investor-Edge.com/pdf/?c=Exxon%20Mobil&d=02-Mar-2015&s=XOM
Earnings Overview
During Q4 FY14, ExxonMobil's total revenues and other income fell by $23.58 billion from $110.86 billion in Q4 FY13. The company's Q4 FY14 total revenues and other income missed Bloomberg analysts' forecast of $88.67 billion. ExxonMobil's oil-equivalent production fell 3.8% to 4,054 kilo barrel of oil equivalent per day (koebd) in Q4 FY14 from 4,216 koebd in Q4 FY13. Liquids production decreased 53,000 barrels per day Y-o-Y to 2.18 million barrels per day. The Abu Dhabi onshore concession expiry reduced volumes by 133,000 barrels per day during Q4 FY14. Excluding this impact, liquids production was up 80,000 barrels per day. Moreover, natural gas production decreased 653 million cubic feet per day Y-o-Y to 11.23 billion cubic feet per day in Q4 FY14. Free research on XOM can be downloaded in PDF format at:
http://get.Investor-Edge.com/pdf/?c=Exxon%20Mobil&d=02-Mar-2015&s=XOM
During Q4 FY14, GAAP net income attributable to ExxonMobil stood at $6.57 billion, or $1.56 per diluted share, compared to $8.35 billion, or $1.91 per diluted share, in Q4 FY13. Analysts from Bloomberg had expected GAAP net income attributable to ExxonMobil of $5.72 billion, or $1.35 per diluted share, in Q4 FY14.
In Q4 FY14, ExxonMobil increased its dividend per share by 9.5% Y-o-Y to $0.69 and distributed $5.9 billion to shareholders, including $3 billion in share purchases to reduce shares outstanding. The company repurchased a total of 36 million shares of its common stock for the treasury at a cost of $3.3 billion in Q4 FY14. Furthermore, the company is expected to reduce its outstanding shares by a total value of $1 billion in Q1 FY15.
In FY14, ExxonMobil's total revenues and other income fell by $26.32 billion from $438.26 billion in FY13. The company's FY14 total revenues and other income outperformed Bloomberg analysts' forecast of $401.52 billion. ExxonMobil's oil-equivalent production fell 4.9% to 3,969 koebd in FY14 from 4,175 koebd in FY13. Moreover, liquids production was down 91,000 barrels per day Y-o-Y to 2.11 million barrels per day. The Abu Dhabi onshore concession expiry, reduced volumes by 135,000 barrels per day, excluding which, the liquid production was up 2% Y-o-Y in FY14. Moreover, natural gas production was down 691 million cubic feet per day Y-o-Y to 11.15 billion cubic feet per day, in FY14. Sign up and read the free analyst's notes on XOM at:
http://get.Investor-Edge.com/pdf/?c=Exxon%20Mobil&d=02-Mar-2015&s=XOM
For FY14, GAAP net income attributable to ExxonMobil was $32.52 billion, or $7.60 per diluted share, compared to $32.58 billion, or $7.37 per diluted share, in FY13. Analysts from Bloomberg had expected GAAP net income attributable to ExxonMobil of $31.68 billion, or $7.43 per diluted share, in FY14.
ExxonMobil completed a record eight major upstream projects, including the Papua New Guinea liquefied natural gas project, in FY14. The company also achieved its full-year plan to produce 4 million oil-equivalent barrels per day. Meanwhile, the company's capital and exploration expenditures in FY14 were down 9% Y-o-Y to $38.54 billion.
In FY14, ExxonMobil distributed $23.6 billion to shareholders in 2014 through dividends and share purchases, to reduce outstanding shares, resulting in a total shareholder distribution yield of 5.4%. The company gross share purchases in FY14 were $13.2 billion, reducing shares outstanding by 136 million shares. Furthermore, the company is expected to reduce its outstanding shares by total value of $1 billion, in Q1 FY15. Visit Investor-Edge and access the latest research on XOM at:
http://get.Investor-Edge.com/pdf/?c=Exxon%20Mobil&d=02-Mar-2015&s=XOM
Stock Performance
On the day of the earnings release, February 02, 2015, ExxonMobil's stock gained 2.47% to end the session at $89.58. Since then, the stock has moved both ways with losses outshining the gains. On the last close, Friday, February 27, 2015, the company's shares finished 0.12% lower at $88.54, after vacillating between $88.34 and $89.28. A total of 13.09 million shares were traded which was below its three months average volume of 16.51 million shares. Over the previous three trading sessions and over the past three months, the company's shares have fallen by 0.98% and 4.13%, respectively. However, the stock has advanced 1.28% in the last one month. Shares in ExxonMobil are trading below their 50-day and 200-day moving averages of $90.98 and $96.16, respectively. Furthermore, the stock traded at a PE ratio of 11.76 has a Relative Strength Index (RSI) of 41.59.
Sneak Peek to Corporate Insider Trading
In the last one month, ExxonMobil has reported only one corporate insider transaction to the U.S. Securities and Exchange Commission (SEC). On February 13, 2015, Randy J. Cleveland, President of XTO Energy, a subsidiary of ExxonMobil, disposed 5,339 shares at a price of $92.70 per share and for a total value of $494,925. Complimentary in-depth research on XOM is available at:
http://get.Investor-Edge.com/pdf/?c=Exxon%20Mobil&d=02-Mar-2015&s=XOM
About Investor-Edge.com
At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.
===============
EDITOR'S NOTES:
===============
1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] www.investor-edge.com.
5. For any urgent concerns or inquiries, please contact us at compliance [at] www.investor-edge.com.
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] www.investor-edge.com for consideration.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Investor-Edge
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article