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Noteworthy News: Oil And Gas Majors (The Big Point)

Professor Glenn A. Okun

The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.

Exxon Mobil (XOM): Exxon beat earnings estimates by .27 or almost 10%, posting fourth quarter EPS of $2.48.  It generated revenues of $84.3 billion, a $4.4 billion miss.  XOM has remained focused on its efficiency plan to deliver cumulative savings of $15 billion through the end of 2027 (versus 2019).

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