Before the market open, the Irving, TX-based oil and gas producer reported earnings of 63 cents per diluted share, beating the FactSet consensus of 58 cents per share.
Revenue fell to $58.68 billion from $67.34 billion a year ago and missed analysts' estimates of $60.41 billion.
"While the operating environment remains challenging, the company continues to focus on capturing efficiencies, advancing strategic investments, and creating long-term shareholder value," CEO Rex Tillerson said in a statement.
Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.
Exxon's strengths such as its reasonable valuation levels, solid stock price performance and largely solid financial position with reasonable debt levels by most measures are countered by weaknesses including feeble growth in the company's earnings per share, weak operating cash flow and poor profit margins.
You can view the full analysis from the report here: XOM
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.