Exxon Mobil Corp

XOM: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$753.00	Bwsxx	Qsydvnxsqp

Exxon Earnings: Strong Quarter Demonstrates Progress on Long-Term Objectives; Shares Undervalued

Allen Good

Aug 2, 2024

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.

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