Is Exxon Mobil Stock A Good Pick Ahead Of Earnings?

Is Exxon Mobil Stock A Good Pick Ahead Of Earnings?

The shares of Exxon Mobil (NYSE: XOM) have observed a 10% decline in the past month as benchmark prices declined due to the easing of production curtailments by OPEC. The company is committed to maintaining a strong balance sheet and returning capital to shareholders in the coming years. Despite an uncertain demand-supply environment, the company's second quarter results are likely to benefit from high benchmark prices, assisting deleveraging plans. The second quarter revenues are likely to grow by around 100% (y-o-y) resulting in strong earnings expansion over last year's depressed number. Trefis highlights the quarterly trends in revenues, earnings, stock price, and expectations for Q2 2021 in an interactive dashboard analysis, Exxon Mobil Earnings Preview. How did Exxon XOM Mobil perform in the first quarter? In Q1, Exxon reported a 5% (y-o-y) growth in total revenues assisted by higher production volumes and realized prices. The company reported 3, 787 MBOED of crude oil, natural gas, and other chemicals production, a decline of just 6. 4% over Q1 2020. Given the sizable improvement in average realized price from $43/bbl in Q1 2020 to $56/bbl in Q1 2021, the cash flow from operations surged by 48%(y-o-y). In Q1, the company reported net