Exxon Earnings Are Coming Tuesday. Why a Record Year May Not Be Enough.

Exxon


Mobil is on track to close out its most profitable year ever, with analysts projecting that the company earned $58 billion in 2022.

But when the oil giant reports fourth quarter earnings on Tuesday morning, investors are unlikely to focus on its past performance, particularly after the stock already soared 80% last year. To buy the stock now, they have to believe that Exxon will once again become a staple stock in the average investor’s portfolio—and fetch a higher valuation.