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ExxonMobil's Profits Top Estimates on Highest Production in a Decade

1. ExxonMobil reported lower revenue but higher profits than expected. 2. Production reached 4.33 million BOED, the highest in over a decade. 3. Revenue for Q4 2024 was $83.43 billion, below analyst estimates. 4. Profit of $7.61 billion surpassed expectations despite falling revenue. 5. Despite better profits, ExxonMobil shares dropped about 1%.

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FAQ

Why Neutral?

ExxonMobil's increased production is positive, yet lower revenue leads to a mixed outlook.

How important is it?

While profits exceeded expectations, the revenue decline raises concerns that may affect stock performance.

Why Short Term?

Stock price reactions are likely influenced by immediate earnings results and market sentiment.

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