Exxon Mobil Corp
XOM: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$968.00 | Rkrlwz | Xsqkbjdfhj |
Exxon Earnings: Strong Quarter Demonstrates Progress on Long-Term Objectives; Shares Undervalued
Exxon's second-quarter adjusted earnings increased to $9.2 billion from $7.9 billion the year before, surpassing market expectations. The increase was largely attributable to the inclusion of two months of Pioneer results and the contribution of structural cost savings that offset weaker energy product results from weaker refining margins.