“Is Exxon Stock A Buy Ahead Of Q3 Earnings As Oil Prices Hit Multi-Year Highs?”
October 26, 2021
“FactSet analysts expect Exxon to swing to a profit of $1.56 per share in Q3 vs. an 18 cents per share loss in the year-ago quarter. Revenue is seen climbing 54% to $71.13 billion. Exxon has remained committed to its dividend even amid pressures during the Covid-19 pandemic, slashing spending and jobs to protect the payout.
In December, Exxon slashed its five-year spending plan. The company now plans to spend $20 billion-$25 billion a year between 2022 and 2025. That’s down from a prior forecast for an annual investment of $30 billion during the same period.
Exxon earnings have stagnated at 0% over the last three years, according to IBD’s Stock Checkup. On the revenue side, Exxon’s three-year growth rate has fallen 14%. Investors generally should look for stocks with sustained earnings and sales growth of at least 25%…”
https://www.investors.com/research/exxon-stock-buy-now/?src=A00220
All I can say is the stock is doing well at the moment. With these gas prices its hard to believe they’re not making a profit.