Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>In a recent special call arranged by the management, Exxon Mobil has unveiled an ambitious strategy that could reshape its future and redefine its standing in the energy sector.</li><li>Despite concerns about falling oil prices and industry-wide cautious spending, Exxon is doubling down on capital-intensive projects while expanding into emerging markets like carbon capture, hydrogen production, and advanced battery materials.</li><li>The company's bold moves include acquiring Pioneer Natural Resources for $60 billion, ramping up investments in the Permian Basin, and launching data-center-specific natural gas projects equipped with carbon capture technology.</li></ul>

In a recent special call arranged by the management, Exxon Mobil has unveiled an ambitious strategy that could reshape its future and redefine its standing in the energy sector.Despite concerns about falling oil prices and industry-wide cautious spending, Exxon is doubling down on capital-intensive projects while expanding into emerging markets like carbon capture, hydrogen production, and advanced battery materials.The company's bold moves include acquiring Pioneer Natural Resources for $60 billion, ramping up investments in the Permian Basin, and launching data-center-specific natural gas projects equipped with carbon capture technology.

Exxon Mobil’s Bold New Strategy: A Game Changer or a Risky Bet?

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

<ul>
<li>Exxon Mobil’s Q3 revenue fell by 0.8% YoY and net profit decreased by 5.1%. Revenue missed estimates by 4.2% but EPS exceeded expectations by 2.3%.</li>
<li>Exxon Mobil’s Q3 upstream production rose by 24% YoY to 4.6 mboepd, driven by strong output in Guyana and the Permian basin and the acquisition of Pioneer.</li>
<li>Exxon attributed its better-than-expected earnings in bottom-of-cycle conditions to structural cost savings, reduced expenses, high-return investments, and selective divestments.</li>
</ul>


Exxon Mobil’s Q3 revenue fell by 0.8% YoY and net profit decreased by 5.1%. Revenue missed estimates by 4.2% but EPS exceeded expectations by 2.3%.
Exxon Mobil’s Q3 upstream production rose by 24% YoY to 4.6 mboepd, driven by strong output in Guyana and the Permian basin and the acquisition of Pioneer.
Exxon attributed its better-than-expected earnings in bottom-of-cycle conditions to structural cost savings, reduced expenses, high-return investments, and selective divestments.


[Earnings Review] Exxon Beat Q3 Earnings Expectations with Higher Chemical Margins and Cost Savings

<ul><li>ExxonMobil has reported a solid performance for the third quarter of 2024, showcasing earnings of $8.6 billion, one of the strongest results for this period over the last decade.</li><li>The company's earnings reflect the benefits of strategic transformations and operational efficiencies that have been implemented across its business segments.</li><li>Key contributory factors include focused cost reductions, precise investments in high-return areas, and strategic divestments which have bolstered profitability—even under challenging market conditions.</li></ul>

ExxonMobil has reported a solid performance for the third quarter of 2024, showcasing earnings of $8.6 billion, one of the strongest results for this period over the last decade.The company's earnings reflect the benefits of strategic transformations and operational efficiencies that have been implemented across its business segments.Key contributory factors include focused cost reductions, precise investments in high-return areas, and strategic divestments which have bolstered profitability—even under challenging market conditions.

Exxon Mobil: A Tale Of Permian Synergies & Efficiencies & China One High-Performance Chemicals Driving Growth! - Major Drivers

<ul>
<li>Exxon Mobil will report Q3 earnings on 01/Nov, with analysts expecting a 6.3% YoY rise in revenue but an 11% fall in EPS, due to weaker crude oil prices.</li>
<li>Exxon Mobil's OI PCR at 0.69 signals neutral sentiment, while an 84% IV percentile indicates high volatility. Its volume PCR is also in the neutral territory.</li>
<li>Exxon Mobil’s short interest rose from the previous biweekly period, reaching 41.27 million shares as of 15/Oct—a 6.3% increase from 30/Sep and a 16.5% rise since 15/Jul.</li>
</ul>


Exxon Mobil will report Q3 earnings on 01/Nov, with analysts expecting a 6.3% YoY rise in revenue but an 11% fall in EPS, due to weaker crude oil prices.
Exxon Mobil's OI PCR at 0.69 signals neutral sentiment, while an 84% IV percentile indicates high volatility. Its volume PCR is also in the neutral territory.
Exxon Mobil’s short interest rose from the previous biweekly period, reaching 41.27 million shares as of 15/Oct—a 6.3% increase from 30/Sep and a 16.5% rise since 15/Jul.


[Pre Earnings Options Flash] Exxon Mobil OI PCR Neutral While Short Interest Rises

<ul>
<li>ExxonMobil’s Q3 revenue is expected to rise 6.3% YoY and 3.7% QoQ but its EPS is anticipated to fall 11% YoY and 5.6% QoQ.</li>
<li>Management expects upstream earnings to decline by USD 0.6-1 billion due to falling crude oil prices. Earnings from the energy products segment are also projected to drop significantly.</li>
<li>Exxon expects production in 2024 to be around 4.3 Moebd, with 1.2 Moebd coming from the Permian. The total capex for the year is estimated at USD 28 billion.</li>
</ul>


ExxonMobil’s Q3 revenue is expected to rise 6.3% YoY and 3.7% QoQ but its EPS is anticipated to fall 11% YoY and 5.6% QoQ.
Management expects upstream earnings to decline by USD 0.6-1 billion due to falling crude oil prices. Earnings from the energy products segment are also projected to drop significantly.
Exxon expects production in 2024 to be around 4.3 Moebd, with 1.2 Moebd coming from the Permian. The total capex for the year is estimated at USD 28 billion.


[Earnings Preview] Exxon's Q3 Profit Faces Pressure from Weak Oil Prices and Tight Refining Margins

United States

Exxon Mobil Corporation operates petroleum and petrochemicals businesses on a worldwide basis.  The Company's operations include exploration and production of oil and gas, electric power generation, and coal and minerals operations. Exxon Mobil also manufactures and markets fuels, lubricants, and chemicals.

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Exxon Mobil (XOM US)

Exxon Mobil’s Bold New Strategy: A Game Changer or a Risky Bet?

In a recent special call arranged by the management, Exxon Mobil has unveiled an ambitious strategy that could reshape its future and redefine its...

Baptista Research

[Earnings Review] Exxon Beat Q3 Earnings Expectations with Higher Chemical Margins and Cost Savings

Exxon Mobil's Q3 earnings beat expectations despite revenue miss, thanks to cost savings, investments, and divestments. Upstream production surged...

Mint Finance

Exxon Mobil: A Tale Of Permian Synergies & Efficiencies & China One High-Performance Chemicals Driving Growth! - Major Drivers

ExxonMobil has reported a solid performance for the third quarter of 2024, showcasing earnings of $8.6 billion, one of the strongest results for...

Baptista Research

[Pre Earnings Options Flash] Exxon Mobil OI PCR Neutral While Short Interest Rises

Exxon Mobil’s Q3 revenue is expected to rise but its EPS is anticipated to fall due to weak refining margins. OI and volume PCR imply neutral...

Mint Finance

[Earnings Preview] Exxon's Q3 Profit Faces Pressure from Weak Oil Prices and Tight Refining Margins

Falling crude prices and tightening refining margins are expected to hit Q3 profits. Analysts predict a dip in EPS but see revenue growth. Exxon’s...

Mint Finance

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Exxon Mobil’s Bold New Strategy: A Game Changer or a Risky Bet?

In a recent special call arranged by the management, Exxon Mobil has unveiled an ambitious strategy that could reshape its future and redefine its...

Baptista Research

[Earnings Review] Exxon Beat Q3 Earnings Expectations with Higher Chemical Margins and Cost Savings

​Exxon Mobil's Q3 earnings beat expectations despite revenue miss, thanks to cost savings, investments, and divestments. Upstream production surged...

Mint Finance

Exxon Mobil: A Tale Of Permian Synergies & Efficiencies & China One High-Performance Chemicals Driving Growth! - Major Drivers

ExxonMobil has reported a solid performance for the third quarter of 2024, showcasing earnings of $8.6 billion, one of the strongest results for...

Baptista Research

[Pre Earnings Options Flash] Exxon Mobil OI PCR Neutral While Short Interest Rises

Exxon Mobil’s Q3 revenue is expected to rise but its EPS is anticipated to fall due to weak refining margins. OI and volume PCR imply neutral...

Mint Finance

[Earnings Preview] Exxon's Q3 Profit Faces Pressure from Weak Oil Prices and Tight Refining Margins

Falling crude prices and tightening refining margins are expected to hit Q3 profits. Analysts predict a dip in EPS but see revenue growth. Exxon’s...

Mint Finance

Exxon Mobil's Q3 earnings beat expectations despite revenue miss, thanks to cost savings, investments, and divestments. Upstream production surged...