How Did ExxonMobil Stock Perform after Its Earnings?



Stock performance

ExxonMobil (XOM) announced its earnings on January 31, 2017. So far in this series, we looked at ExxonMobil’s (XOM) 4Q16 results and segmental earnings. In this part, we’ll discuss ExxonMobil’s stock performance.

ExxonMobil stock opened at $85.1 per share on January 31—higher than the previous close of $84.9. ExxonMobil saw a high of $85.1 and a low of $83.1 during the day. Eventually, it closed at $83.9—about 1.2% lower than its close the previous day.

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On the other hand, crude oil prices rose 0.3% and natural gas prices fell 3.6%. ExxonMobil’s peers PetroChina (PTR), YPF (YPF), and Eni (E) also rose by 0.4%, 1%, and 0.1%, respectively, on the day—in line with oil prices. For exposure to global stocks, you can consider the Vanguard Total World Stock Index ETF (VT).

ExxonMobil’s 4Q16 update

In 4Q16, ExxonMobil incurred capex (capital expenditure) of $4.8 billion—compared to $7.4 billion in 4Q15. For the 4Q16 capex, $3.6 billion was incurred towards the upstream segment, while $0.70 billion and $0.53 billion was incurred towards the downstream and chemical segments, respectively.

In its 4Q16 press release, ExxonMobil’s chairman and CEO, Darren W. Woods, said, “The company’s continued focus on fundamentals and our ability to leverage an attractive global portfolio through our integrated business ensures we are well positioned to generate long-term shareholder value.”

Next, we’ll look at analysts’ ratings for ExxonMobil after its earnings.


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