Exxon Mobil Reports Q3 Earnings of $9.1 Billion, Increases Dividend

Irving, Texas United States of America
Exxon Mobil recently made deals worth $60 billion.
Exxon Mobil's Q3 2023 profit was $9.1 billion, down from the previous year.
The company announced an increase in its dividend.

Exxon Mobil Corporation, one of the world's largest publicly traded international oil and gas companies, reported its third-quarter earnings for 2023. The company's profit for the quarter was $9.1 billion, a decrease from the same period in the previous year. Despite the decline in profit, Exxon Mobil announced an increase in its dividend, reflecting a positive free cash flow. The company's earnings report comes on the heels of significant deals worth $60 billion.

The Wall Street Journal, CNBC, Yahoo Finance, and Investors.com all reported on Exxon Mobil's Q3 earnings, with each source providing a slightly different perspective on the results. The Wall Street Journal focused on the comparison with the previous year's earnings, while CNBC highlighted the decrease in profit. Yahoo Finance emphasized the increase in the dividend, and Investors.com noted the recent deals made by the company.

Exxon Mobil's official news release confirmed the reported figures and provided additional context. The company's CEO, Darren Woods, stated that the results demonstrate the company's commitment to delivering reliable and affordable energy, while also returning capital to shareholders. The company's financial performance and strategic transactions are expected to enhance shareholder value and support its efforts to advance lower-emissions technologies.


Confidence

95%

Doubts
  • The exact amount of the decrease in profit from the previous year was not specified in all sources.

Sources

92%

  • Unique Points
    • The article provides a detailed analysis of what to expect from the earnings report, including potential impacts from recent deals and market conditions.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (90%)
    • The article seems to lean towards a positive outlook for Exxon and Chevron, which could indicate a slight bias.
    • Site Conflicts Of Interest (85%)
      • The Wall Street Journal is owned by News Corp, a company with known conservative political leanings. This could potentially influence the way they report on energy companies and their earnings.
      • Author Conflicts Of Interest (100%)
        None Found At Time Of Publication

      93%

      • Unique Points
        • The article provides a detailed breakdown of Exxon's Q3 earnings, including comparisons to previous years.
      • Accuracy
        No Contradictions at Time Of Publication
      • Deception (100%)
        None Found At Time Of Publication
      • Fallacies (100%)
        None Found At Time Of Publication
      • Bias (95%)
        None Found At Time Of Publication
      • Site Conflicts Of Interest (80%)
        • CNBC is owned by NBCUniversal, a subsidiary of Comcast. Comcast has significant investments in energy and technology companies, which could potentially influence CNBC's reporting on these sectors.
        • Author Conflicts Of Interest (100%)
          None Found At Time Of Publication

        91%

        • Unique Points
          • The article focuses on Exxon's decision to raise its dividend, providing a unique angle on the company's Q3 earnings.
        • Accuracy
          No Contradictions at Time Of Publication
        • Deception (100%)
          None Found At Time Of Publication
        • Fallacies (100%)
          None Found At Time Of Publication
        • Bias (90%)
          • The article seems to portray Exxon's decision to raise its dividend in a positive light, which could indicate a slight bias.
          • Site Conflicts Of Interest (80%)
            • Yahoo Finance is owned by Verizon Communications. Verizon has significant investments in energy and technology companies, which could potentially influence Yahoo Finance's reporting on these sectors.
            • Author Conflicts Of Interest (100%)
              None Found At Time Of Publication

            72%

            • Unique Points
              • As a corporate press release, the article provides a direct source of information from ExxonMobil.
            • Accuracy
              No Contradictions at Time Of Publication
            • Deception (100%)
              None Found At Time Of Publication
            • Fallacies (100%)
              None Found At Time Of Publication
            • Bias (85%)
              • As a corporate press release, the article inherently presents ExxonMobil's perspective, which could be seen as a form of bias.
              • Site Conflicts Of Interest (0%)
                • This article is published on ExxonMobil's corporate website. As such, it is inherently biased in favor of the company and its financial performance.
                • Author Conflicts Of Interest (100%)
                  None Found At Time Of Publication

                95%

                • Unique Points
                  • The article provides a unique perspective by focusing on the impact of recent deals on Exxon and Chevron's earnings.
                • Accuracy
                  No Contradictions at Time Of Publication
                • Deception (100%)
                  None Found At Time Of Publication
                • Fallacies (100%)
                  None Found At Time Of Publication
                • Bias (90%)
                  • The article seems to lean towards a positive outlook for Exxon and Chevron, which could indicate a slight bias.
                  • Site Conflicts Of Interest (100%)
                    None Found At Time Of Publication
                  • Author Conflicts Of Interest (100%)
                    None Found At Time Of Publication