Earnings EstimatesThe revised lower Q4'24 EPS estimate of $1.54 mainly reflects downwardly revised downstream and chemicals expectations.
Production LevelsTotal production of 4,602 kboe/d came in approximately 1% lower than consensus expectations.
Valuation ConcernsExxon Mobil trades at a 55% discount to the S&P500, which is more than twice its historical average, despite offering stronger growth.