Spring, Texas-based Exxon Mobil Corporation (XOM) explores and produces crude oil and natural gas. With a market cap of $487.4 billion, the company provides exploration and production integrated fuels, lubricants, chemicals, and refined products for automotive, trucking, aviation, and shipping industry to reduce greenhouse gas emissions. The oil giant is expected to announce its fiscal third-quarter earnings for 2024 before the market opens on Friday, Nov. 1.
Ahead of the event, analysts expect XOM to report a profit of $2 per share on a diluted basis, down 11.9% from $2.27 per share in the year-ago quarter. The company beat the consensus estimates in two of the last four quarters while missing the forecast on two other occasions.
