5 Quarterly Reports You Don’t Want to Miss

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1. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 64

Shares of Exxon Mobil Corporation (NYSE:XOM) climbed to a nearly three-year high in the early trading session on Tuesday, February 1, 2022, after delivering an impressive profit for the fourth quarter.

Exxon Mobil Corporation (NYSE:XOM) reported adjusted earnings of $2.05 per share, helped by a strong rebound in oil and gas prices. Analysts were looking for earnings of $1.93 per share. Revenue for the quarter came in at $84.97 billion, compared to analysts’ average estimate of $84.97 billion.

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In addition, Exxon Mobil Corporation (NYSE:XOM) generated a cash flow of $48 billion from operating activities. Among other important updates, the oil and gas giant announced that it paid $9 billion in debt in the fourth quarter. Overall, the company paid down $20 billion in debt during the last year.

Speaking on the results, CEO Darren Woods said in a statement:

“Our effective pandemic response, focused investments during the down-cycle, and structural cost savings positioned us to realize the full benefits of the market recovery in 2021. Our new streamlined business structure is another example of the actions we are taking to further strengthen our competitive advantages and grow shareholder value.  We’ve made great progress in 2021 and our forward plans position us to lead in cash flow and earnings growth, operating performance, and the energy transition.”

You can also take a peek at Early Retirement Portfolio: 15 Stocks to Live Off Dividends and Top 10 Stock Picks of Thomas Bancroft’s Makaira Partners.

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