ExxonMobil Expects Its Profits to Fall. Time to Buy the Oil Stock on the Dip?

ExxonMobil (NYSE: XOM) is the oil industry's leader by almost every important metric, including profitability. The oil giant produced a peer-leading $8.6 billion in profits during the third quarter and a monster $17.6 billion of cash flow from operations, which also led international oil companies.However, the fourth quarter proved more challenging for the oil giant as it issued a profit warning for the period. Here's a look at whether that's a concern or investors should buy the oil stock on its profit dip.ExxonMobil recently gave investors a preliminary glimpse at its upcoming fourth-quarter earnings report, which it plans to release at the end of the month. The oil giant expects to report $1.76 per share of earnings in the period, well below analysts' expectations. It's also below the $2.48 per share it posted in the year-ago period and the $1.92 per share it earned during the third quarter.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool