Exxon Mobil (XOM) reports fourth-quarter earnings before the market opens Tuesday. So far oil producers and services firms have delivered mixed results for the December quarter, despite rising oil prices. Exxon stock gained ground on Monday.
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Estimates: FactSet analysts see Exxon earnings soaring to $1.95 per share from just three cents in the year-ago quarter. Revenue is expected to nearly double to $85 billion.
Results: Check back before the market opens.
Stock: Shares rose 0.85% to 75.92 on the stock market today. Exxon stock broke out of a cup base with a 66.48 entry point on Jan. 5, according to MarketSmith chart analysis It is now extended and out of buy range.
The recent stock action marks another step in its recovery since last year when oil collapsed. That led to Exxon stock losing its status as a Dow Jones Industrial Average listing after 90 years.
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