Today, Exxon Mobil Corp (NYSE:XOM) released its third-quarter earnings considerations through an 8-K filing with the Securities and Exchange Commission. The filing, dated October 3, 2024, provides investors with the latest financial information regarding the company's performance.
According to the document, Exxon Mobil, a New Jersey-incorporated company with headquarters in Spring, Texas, has updated its earnings considerations for the third quarter of 2024. The company's common stock is listed on the New York Stock Exchange under the trading symbol XOM, along with its 0.524% Notes due 2028 (XOM28), 0.835% Notes due 2032 (XOM32), and 1.408% Notes due 2039 (XOM39A).
The report was furnished under Item 7.01, Regulation FD Disclosure, which indicates that the information is provided to ensure fair disclosure to investors and the public. The filing includes an exhibit labeled 99.1, which contains the specific details of Exxon Mobil's third-quarter earnings considerations.
As a standard practice, the company has made its financial data available in an interactive format, known as Inline XBRL, as part of its commitment to transparency and in compliance with SEC regulations. This allows for easier analysis and accessibility of the company's financial statements.
InvestingPro Insights
To complement Exxon Mobil's recent 8-K filing, InvestingPro data offers additional context for investors. As of the latest available data, Exxon Mobil boasts a substantial market capitalization of $543.85 billion, reflecting its position as a major player in the oil and gas industry. The company's P/E ratio stands at 14.62, suggesting a relatively modest valuation compared to earnings.
InvestingPro Tips highlight Exxon Mobil's financial strength and shareholder-friendly policies. Notably, the company has raised its dividend for an impressive 41 consecutive years, demonstrating a strong commitment to returning value to shareholders. This is further underscored by its current dividend yield of 3.13%, which may be attractive to income-focused investors.
The company's stock has shown significant momentum, with a 7.73% return over the last week and trading near its 52-week high. This recent performance aligns with the company's strong financial position, as InvestingPro data indicates that Exxon Mobil has been profitable over the last twelve months, with analysts predicting continued profitability for the current year.
For investors seeking a more comprehensive analysis, InvestingPro offers 11 additional tips on Exxon Mobil, providing deeper insights into the company's financial health and market position.
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