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Exxon Punished After Impressive Earnings

Aug. 03, 2021 9:23 AM ETExxon Mobil Corporation (XOM)50 Comments
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Income Generator


  • Exxon's second-quarter earnings results help confirm that the previous quarter’s extension into profitability was not simply a one-time event.
  • However, share prices were met with strong selling pressure following the earnings event risk and we think the market might be creating a new buying opportunity following these declines.
  • Given the bear market’s incongruous reactions following the release of quarterly earnings, shares of Exxon Mobil are looking particularly attractive with a stable 6.04% dividend yield.

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Exxon Mobil (NYSE:XOM) saw profitability for the second quarter in a row after the energy giant reported an EPS figure of $1.10 and revenues of $67.74 billion for the second-quarter period. Excluding items, Exxon reported EPS of $0.65 and

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of XOM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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