ExxonMobil Continues to Prove It's the Best-Run Company in the Oil Patch
ExxonMobil (NYSE: XOM) is the 800-pound gorilla in the oil sector. It's not only the industry's biggest company by market capitalization (over $450 billion), but also the leader across several crucial categories. The oil company showcased its prowess in the first quarter when it delivered industry-leading performance amid challenging market conditions. Here's a look at the quarter and the key factors fueling ExxonMobil's success.ExxonMobil's recent first-quarter results were nothing short of exceptional, considering the market conditions during the period. The company delivered industry-leading earnings of $7.7 billion, or $1.76 per share, which beat analysts' expectations by $0.01 per share. It also led the sector by producing $13 billion in cash flow from operations while generating $8.8 billion in free cash flow. Continue reading
ExxonMobil (NYSE: XOM) is the 800-pound gorilla in the oil sector. It's not only the industry's biggest company by market capitalization (over $450 billion), but also the leader across several crucial categories.
The oil company showcased its prowess in the first quarter when it delivered industry-leading performance amid challenging market conditions. Here's a look at the quarter and the key factors fueling ExxonMobil's success.
ExxonMobil's recent first-quarter results were nothing short of exceptional, considering the market conditions during the period. The company delivered industry-leading earnings of $7.7 billion, or $1.76 per share, which beat analysts' expectations by $0.01 per share. It also led the sector by producing $13 billion in cash flow from operations while generating $8.8 billion in free cash flow.
