S&P 500
7,615.40
-0.09%
Dow Jones
51,327.00
-0.09%
Nasdaq 100
30,644.80
-0.23%
Russell 2000
2,928.08
-0.17%
FTSE 100
10,381.30
-0.06%
Nikkei 225
68,144.20
+0.95%

Energy

Will Exxon Mobil Hit $100 Billion in Revenues?

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Exxon Mobil Corp. (XOM-NYSE) may be the most controversial earnings report on Thursday morning despite the trend of who beats and who misses estimates.  The EPS target by Wall Street of $1.52 "earnings per share" seems harmless enough, but the revenue projection is just a hard one to swallow for any tax payer or anyone that drives a car.  The estimates are revenues of $100 BILLION!!!!!!!!!!!!

Last quarter was "only" $90 Billion in revenues but the two prior quarters were BOTH more than $99 Billion in revenues.  At some point in a high energy price world they won’t be able to keep that number down.  Such is life.  The good news is that we check our eco-politics at the door every day and look at things from an investor point of view.

Yes, Billion; Yes One-Hundred of them.  The only other beloved company that is remotely close to this in revenue terms is the low-margin king Wal-Mart.  The company has managed to keep from being the first $100 Billion revenue shower in a single quarter, but with energy prices high and staying high it may only be a matter of time before they cannot keep the “above $100 Billion revenue” mark in a quarter tamed. 

You can pick your poison or your pleasure, but the media is going to be all over this one win or lose.  The raw dollar-number will create criticism from friends and foes.  That’s life in the oil patch. 

Jon C. Ogg
April 26, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.

DISCLOSURE:
INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA(www.finra.org)/SIPC(www.sipc.org). Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser. Information about SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov. Probability of Member receiving $1,000 is a probability of 0.026%; If you don’t make a selection in 30 days, you’ll no longer qualify for the promo. Customer must fund their account with a minimum of $50.00 to qualify. Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees. Investing in alternative investments and/or strategies may not be suitable for all investors and involves unique risks, including the risk of loss. An investor should consider their individual circumstances and any investment information, such as a prospectus, prior to investing. Interval Funds are illiquid instruments, the ability to trade on your timeline may be restricted. Brokerage and Active investing products offered through SoFi Securities LLC, Member FINRA(www.finra.org) /SIPC(www.sipc.org). There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event. Options involve risks, including substantial risk of loss and the possibility an investor may lose the entire investment Before trading options please review the Characteristics and Risks of Standardized Options  Investing in an Initial Public Offering (IPO) involves substantial risk, including the risk of loss. Further, there are a variety of risk factors to consider when investing in an IPO, including but not limited to, unproven management, significant debt, and lack of operating history. For a comprehensive discussion of these risks please refer to SoFi Securities’ IPO Risk Disclosure Statement This should not be considered a recommendation to participate in IPOs and investors should carefully read the offering prospectus to determine whether an offering is consistent with their investment objectives, risk tolerance, and financial situation. New offerings generally have high demand and there are a limited number of shares available for distribution to participants. Many customers may not be allocated shares and share allocations may be significantly smaller than the shares requested in the customer’s initial offer (Indication of Interest). For more information on the allocation process please visit IPO Allocation.
Follow 24/7 Wall St. on Google
Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

How Hard Are Low Crude Oil Prices Going to Hit BP Earnings?
Paul Ausick |

How Hard Are Low Crude Oil Prices Going to Hit BP Earnings?

British oil and gas behemoth BP reports third-quarter results Tuesday morning and analysts have seriously dialed back their estimates as…

Jon C. Ogg |

The Top Eight Earnings for the Week Ahead

Jon OggEarnings season is far from over, but roughly three quarters of the stocks in the Standard & Poor’s 500 Index…

2 Key Dow Earnings to Look For This Week
Chris Lange |

2 Key Dow Earnings to Look For This Week

24/7 Wall St. has put together a preview of the Dow Jones Industrial Average companies scheduled to report their quarterly…

Dividend Growth Stocks That Could 2X Your Income in 3 Years
Vandita Jadeja |

Dividend Growth Stocks That Could 2X Your Income in 3 Years

Dividend investors are always on the lookout for stocks that will increase their passive income. While several companies have paid…

The Stock Market’s Biggest Tailwind Is Fading Under Trump — Here’s Why It Matters
Rich Duprey |

The Stock Market’s Biggest Tailwind Is Fading Under Trump — Here’s Why It Matters

Investors have experienced the market’s recent choppiness and are growing concerned the easy gains from low energy costs are evaporating.…

Jon C. Ogg |

Analyst Shows Why GE Likely to Keep Raising Its Dividend

An new analyst report from Argus signals that not only is GE still a Buy, but the firm sees GE…

Jon C. Ogg |

11 Key Earnings To Watch For Early Next Week (FSLR, HGSI, MPEL, NFLX, VECO, MMM, AMZN, BRCM, KO, F, VLO)

Next week is going to get off to a slow start because of the post-Easter blues after a three-day weekend. …

Earnings Previews: Caterpillar, Chevron, Exxon Mobil
Paul Ausick |

Earnings Previews: Caterpillar, Chevron, Exxon Mobil

Three legacy companies report earnings before Friday's opening bell. Here's a look at what to expect.

Jon C. Ogg |

The 5 Top Earnings Reports for the Week Ahead

ThinkstockEarnings season has hit its apex, yet we have another full week of second quarter earnings reports — hundreds of…

Top Gaining Stocks

Hewlett Packard Enterprise
HPE • Vol: 153,197,465
Enphase Energy
ENPH • Vol: 8,360,053
Corning
GLW • Vol: 18,152,646
Alexandria Real Estate Equities
ARE • Vol: 4,337,015
Aptiv
APTV • Vol: 6,761,325

Top Losing Stocks

Trade Desk
TTD • Vol: 21,905,513
Intuit
INTU • Vol: 7,383,018
Coterra Energy
CTRA • Vol: 73,319,495
Cboe Global Markets
CBOE • Vol: 5,000,011
HP
HPQ • Vol: 29,259,826