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BOSTON (TheStreet) -- Exxon Mobil (XOM) - Get Exxon Mobil Corporation Report has reported quarterly results.

Quarterly Synopsis

: Exxon's fourth-quarter GAAP net income soared 53% to $9.3 billion. Earnings per share advanced 46% to $1.85. Oil-equivalent production rose 19% year-over-year and the chemicals segment delivered a record quarterly performance. As global energy demand grows, Exxon is investing record amounts in capital and exploration ventures, with a record $32 billion in 2010 and $10 billion in the fourth quarter. Exxon repurchased $5 billion of stock in the quarter. It repurchased or distributed $19 billion during fiscal 2010.

Earnings Performance

: Exxon delivered fourth-quarter adjusted earnings of $1.85, representing 47% year-over-year growth and exceeding analysts' consensus target by 13%. By comparison, Exxon has an average earnings beat rate of 3.2%. It has now exceeded consensus earnings for three quarters. The top-line figure of $105 billion, reflecting 22% year-over-year growth, outperformed the consensus by 5.1%. Exxon missed sales estimates in the three previous quarters. Exxon's stock was up 1.1% in reaction to the announcement. It is up 24% in 12 months.

Dividend Information

: Exxon pays a quarterly dividend of 44 cents, converting to an annual yield of 2.2%, a mediocre payout for a Dow component. Still, it has grown the distribution 4.8% in 12 months and 8.3% and 8.8% annually, on average, over three- and five-year spans.

Analyst Opinions

: Of analysts covering Exxon, 10, or 42%, advise purchasing its shares, 13 recommend holding and one suggests selling them. The stock has a median target of $81.


, Buy, $90 Target


TheStreet Recommends

, Equal Weight, $85 Target

Deutsche Bank

, Hold, $85 Target

Goldman Sachs

, Neutral, $82 Target


, Neutral, $78 Target


, Neutral, $78 Target

Credit Suisse

, Neutral, $76 Target

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.