Exxon Mobil Posts $9.25 Billion Q4 Profit, Easily Beating View (XOM)

Filed in dividend, Gold Investment, o, revenue, shares by on January 31, 2011 0 Comments

Oil behemoth Exxon Mobil Corporation ( XOM ) on Monday said its fourth quarter profit surged more than 50% from last year on higher oil prices, easily beating analyst estimates. The Irving, TX-based company reported fourth quarter net income of $9.25 billion, or $1.85 per share, compared with $6.05 billion, or $1.27 per share, in the year-ago period. Revenue jumped 17% from last year to $105 billion. On average, Wall Street analysts expected a smaller profit of $1.62 per share, on lower revenue of $99.1 billion. For the full year 2010, the company posted profits of $30.5 billion, or $6.22 per share, up sharply from $19.3 billion, or $3.98 per share, in 2009. Exxon Mobil shares rose 83 cents, or 1.1%, in premarket trading Monday. The Bottom Line Shares of Exxon Mobil ( XOM ) have a 2.23% dividend yield, based on Friday’s closing stock price of $78.99. The stock has technical support in the $73-$75 price area. If the shares can continue the recent run, we see overhead resistance around the $85 price level. Exxon Mobil Corporation ( XOM ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Exxon Mobil Posts $9.25 Billion Q4 Profit, Easily Beating View (XOM)

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