Subtext

Exxon Mobil Corporation XOM

SectorEnergy
Transcripts78
Date range2005-10-31 – 2025-05-02
Calls charted77

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-51-25+0+25+512005 Q32008 Q22011 Q12013 Q32016 Q12018 Q32021 Q12023 Q32005 Q3 · Overall: +6.52005 Q4 · Overall: +4.22006 Q1 · Overall: +7.12006 Q2 · Overall: +1.42006 Q3 · Overall: +2.92006 Q4 · Overall: +1.92007 Q2 · Overall: +7.62007 Q3 · Overall: +3.82007 Q4 · Overall: +9.52008 Q1 · Overall: +1.42008 Q2 · Overall: -0.12008 Q3 · Overall: +5.12008 Q4 · Overall: +8.92009 Q1 · Overall: +6.22009 Q2 · Overall: +5.52009 Q3 · Overall: +9.12009 Q4 · Overall: +6.62010 Q1 · Overall: +7.02010 Q3 · Overall: +2.32010 Q4 · Overall: +9.62011 Q1 · Overall: +3.82011 Q2 · Overall: +4.92011 Q3 · Overall: +4.12011 Q4 · Overall: +1.92012 Q1 · Overall: +9.02012 Q2 · Overall: -0.52012 Q3 · Overall: +1.42012 Q4 · Overall: +4.42013 Q1 · Overall: +6.82013 Q2 · Overall: +3.52013 Q3 · Overall: +10.42013 Q4 · Overall: +10.72014 Q1 · Overall: +11.42014 Q2 · Overall: +11.02014 Q3 · Overall: +10.32014 Q4 · Overall: +1.72015 Q1 · Overall: +12.82015 Q2 · Overall: +8.52015 Q3 · Overall: +13.22015 Q4 · Overall: +9.62016 Q1 · Overall: +10.82016 Q2 · Overall: +7.42016 Q3 · Overall: +5.22016 Q4 · Overall: +6.72017 Q1 · Overall: +9.02017 Q2 · Overall: +8.02017 Q3 · Overall: +8.62017 Q4 · Overall: +3.32018 Q1 · Overall: +6.32018 Q2 · Overall: +3.22018 Q3 · Overall: +10.62018 Q4 · Overall: +9.22019 Q1 · Overall: +7.62019 Q2 · Overall: +6.72019 Q3 · Overall: +10.02019 Q4 · Overall: +13.02020 Q1 · Overall: +0.52020 Q2 · Overall: +2.52020 Q3 · Overall: +3.22020 Q4 · Overall: +14.52021 Q1 · Overall: +14.02021 Q2 · Overall: +17.12021 Q3 · Overall: +14.42021 Q4 · Overall: +15.02022 Q1 · Overall: +7.42022 Q2 · Overall: +7.02022 Q3 · Overall: +4.12022 Q4 · Overall: +16.22023 Q1 · Overall: +11.02023 Q2 · Overall: +20.12023 Q3 · Overall: +11.92023 Q4 · Overall: +15.12024 Q1 · Overall: +44.22024 Q2 · Overall: +11.82024 Q3 · Overall: +18.62024 Q4 · Overall: +12.92025 Q1 · Overall: +16.8
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-115-57+0+57+1152005 Q32008 Q22011 Q12013 Q32016 Q12018 Q32021 Q12023 Q32018 Q4 · CEO: +17.32019 Q4 · CEO: +18.02020 Q1 · CEO: +1.22020 Q4 · CEO: +17.02021 Q1 · CEO: +16.02021 Q2 · CEO: +17.32021 Q3 · CEO: +18.32021 Q4 · CEO: +24.72022 Q1 · CEO: +10.62022 Q2 · CEO: +9.32022 Q3 · CEO: +9.02022 Q4 · CEO: +21.92023 Q1 · CEO: +16.32023 Q2 · CEO: +28.42023 Q3 · CEO: +24.92023 Q4 · CEO: +19.42024 Q1 · CEO: +29.42024 Q2 · CEO: +15.02024 Q3 · CEO: +22.42024 Q4 · CEO: +20.42025 Q1 · CEO: +20.32021 Q3 · CFO: +17.62021 Q4 · CFO: +8.02022 Q1 · CFO: +15.02022 Q2 · CFO: +21.42022 Q3 · CFO: +6.82022 Q4 · CFO: +5.92023 Q1 · CFO: +14.92023 Q2 · CFO: +6.62023 Q3 · CFO: +25.82023 Q4 · CFO: +16.22024 Q1 · CFO: +100.02024 Q2 · CFO: +18.32024 Q3 · CFO: +20.12024 Q4 · CFO: +11.02025 Q1 · CFO: +31.5
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-58-29+0+29+582005 Q32008 Q22011 Q12013 Q32016 Q12018 Q32021 Q12023 Q32005 Q3 · Prepared remarks: +6.62005 Q4 · Prepared remarks: +9.82006 Q1 · Prepared remarks: +22.32006 Q2 · Prepared remarks: +4.42006 Q3 · Prepared remarks: +12.42006 Q4 · Prepared remarks: +17.72007 Q2 · Prepared remarks: +14.12007 Q3 · Prepared remarks: +5.92007 Q4 · Prepared remarks: +17.32008 Q1 · Prepared remarks: +4.02008 Q2 · Prepared remarks: +1.62008 Q3 · Prepared remarks: +8.82008 Q4 · Prepared remarks: +10.42009 Q1 · Prepared remarks: +5.32009 Q2 · Prepared remarks: +5.02009 Q3 · Prepared remarks: +11.32009 Q4 · Prepared remarks: +4.52010 Q1 · Prepared remarks: +7.22010 Q3 · Prepared remarks: +11.72010 Q4 · Prepared remarks: +18.42011 Q1 · Prepared remarks: +8.42011 Q2 · Prepared remarks: +7.52011 Q3 · Prepared remarks: +8.52011 Q4 · Prepared remarks: +4.72012 Q1 · Prepared remarks: +7.72012 Q2 · Prepared remarks: +0.32012 Q3 · Prepared remarks: +6.22012 Q4 · Prepared remarks: +3.92013 Q1 · Prepared remarks: +5.92013 Q2 · Prepared remarks: +3.22013 Q3 · Prepared remarks: +10.12013 Q4 · Prepared remarks: +8.02014 Q1 · Prepared remarks: +16.82014 Q2 · Prepared remarks: +12.32014 Q3 · Prepared remarks: +11.72014 Q4 · Prepared remarks: +4.82015 Q1 · Prepared remarks: +18.22015 Q2 · Prepared remarks: +7.92015 Q3 · Prepared remarks: +16.92015 Q4 · Prepared remarks: +9.82016 Q1 · Prepared remarks: +10.92016 Q2 · Prepared remarks: +19.22016 Q3 · Prepared remarks: +12.12016 Q4 · Prepared remarks: +9.42017 Q1 · Prepared remarks: +5.52017 Q2 · Prepared remarks: +13.42017 Q3 · Prepared remarks: +12.72017 Q4 · Prepared remarks: +8.42018 Q1 · Prepared remarks: +6.42018 Q2 · Prepared remarks: +2.92018 Q3 · Prepared remarks: +13.82018 Q4 · Prepared remarks: +10.92019 Q1 · Prepared remarks: +10.52019 Q2 · Prepared remarks: +12.52019 Q3 · Prepared remarks: +14.72019 Q4 · Prepared remarks: +19.22020 Q1 · Prepared remarks: +0.52020 Q2 · Prepared remarks: +4.52020 Q3 · Prepared remarks: +7.42020 Q4 · Prepared remarks: +14.72021 Q1 · Prepared remarks: +19.82021 Q2 · Prepared remarks: +17.32021 Q3 · Prepared remarks: +38.42021 Q4 · Prepared remarks: +29.72022 Q1 · Prepared remarks: +12.12022 Q2 · Prepared remarks: +13.92022 Q3 · Prepared remarks: +19.32022 Q4 · Prepared remarks: +14.62023 Q1 · Prepared remarks: +11.22023 Q2 · Prepared remarks: +22.92023 Q3 · Prepared remarks: +32.62023 Q4 · Prepared remarks: +27.62024 Q1 · Prepared remarks: +44.22024 Q2 · Prepared remarks: +23.92024 Q3 · Prepared remarks: +22.42024 Q4 · Prepared remarks: +26.72025 Q1 · Prepared remarks: +15.92005 Q4 · Q&A responses: +4.52006 Q1 · Q&A responses: +0.32006 Q2 · Q&A responses: +3.72006 Q3 · Q&A responses: -0.72006 Q4 · Q&A responses: +0.02007 Q2 · Q&A responses: +4.72007 Q3 · Q&A responses: +0.72007 Q4 · Q&A responses: +2.42008 Q2 · Q&A responses: -0.92008 Q3 · Q&A responses: +5.62008 Q4 · Q&A responses: +8.42009 Q1 · Q&A responses: +16.52009 Q2 · Q&A responses: +7.92009 Q3 · Q&A responses: +12.02009 Q4 · Q&A responses: +15.32010 Q1 · Q&A responses: +7.92010 Q3 · Q&A responses: +2.22010 Q4 · Q&A responses: +14.82011 Q1 · Q&A responses: +5.42011 Q2 · Q&A responses: +4.42011 Q3 · Q&A responses: +6.22011 Q4 · Q&A responses: +3.02012 Q1 · Q&A responses: +10.42012 Q2 · Q&A responses: -0.72012 Q3 · Q&A responses: +4.22012 Q4 · Q&A responses: +6.62013 Q1 · Q&A responses: +11.42013 Q2 · Q&A responses: +5.02013 Q3 · Q&A responses: +12.22013 Q4 · Q&A responses: +15.92014 Q1 · Q&A responses: +10.52014 Q2 · Q&A responses: +14.12014 Q3 · Q&A responses: +12.52014 Q4 · Q&A responses: +4.92015 Q1 · Q&A responses: +13.92015 Q2 · Q&A responses: +9.62015 Q3 · Q&A responses: +14.02016 Q1 · Q&A responses: +22.22016 Q2 · Q&A responses: +9.32016 Q3 · Q&A responses: +4.32016 Q4 · Q&A responses: +6.72017 Q1 · Q&A responses: +12.32017 Q2 · Q&A responses: +9.12017 Q3 · Q&A responses: +8.92017 Q4 · Q&A responses: +9.62018 Q2 · Q&A responses: +6.32018 Q3 · Q&A responses: +11.22018 Q4 · Q&A responses: +12.42019 Q1 · Q&A responses: +6.32019 Q2 · Q&A responses: +5.92019 Q3 · Q&A responses: +10.12019 Q4 · Q&A responses: +11.22020 Q2 · Q&A responses: +3.22020 Q3 · Q&A responses: +2.02020 Q4 · Q&A responses: +15.82021 Q1 · Q&A responses: +11.52021 Q3 · Q&A responses: +13.42021 Q4 · Q&A responses: +13.22022 Q1 · Q&A responses: +7.72022 Q2 · Q&A responses: +6.22022 Q3 · Q&A responses: +4.82022 Q4 · Q&A responses: +50.82023 Q2 · Q&A responses: -16.12023 Q3 · Q&A responses: +11.22023 Q4 · Q&A responses: +14.92024 Q2 · Q&A responses: +12.22024 Q3 · Q&A responses: +20.62024 Q4 · Q&A responses: +14.62025 Q1 · Q&A responses: +22.6
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$-0.29$5.92$12.142005 Q32008 Q22011 Q12013 Q32016 Q12018 Q32021 Q12023 Q32014 Q1: $7.512014 Q2: $7.712014 Q3: $7.702014 Q4: $5.782015 Q1: $4.182015 Q2: $4.832015 Q3: $4.272015 Q4: $3.732016 Q1: $2.812016 Q2: $3.542016 Q3: $3.852016 Q4: $4.222017 Q1: $4.262017 Q2: $4.232017 Q3: $3.772017 Q4: $4.142018 Q1: $4.692018 Q2: $5.142018 Q3: $5.422018 Q4: $5.172019 Q1: $4.632019 Q2: $4.712019 Q3: $4.292019 Q4: $3.782020 Q1: $1.992020 Q2: $0.562020 Q3: $1.072020 Q4: $1.512021 Q1: $2.962021 Q2: $4.052021 Q3: $4.762021 Q4: $5.862022 Q1: $7.792022 Q2: $9.702022 Q3: $11.282022 Q4: $11.252023 Q1: $10.442023 Q2: $9.542023 Q3: $8.992023 Q4: $9.322024 Q1: $9.012024 Q2: $9.522024 Q3: $8.702024 Q4: $7.81

Forward P/E

2.7545.5988.442005 Q32008 Q22011 Q12013 Q32016 Q12018 Q32021 Q12023 Q32014 Q1: 12.482014 Q2: 13.332014 Q3: 12.612014 Q4: 15.402015 Q1: 20.592015 Q2: 17.562015 Q3: 17.392015 Q4: 21.222016 Q1: 29.442016 Q2: 25.472016 Q3: 21.972016 Q4: 21.462017 Q1: 19.242017 Q2: 19.402017 Q3: 21.192017 Q4: 20.082018 Q1: 15.692018 Q2: 15.862018 Q3: 15.612018 Q4: 13.692019 Q1: 17.422019 Q2: 15.992019 Q3: 16.952019 Q4: 18.482020 Q1: 16.622020 Q2: 82.532020 Q3: 35.422020 Q4: 28.942021 Q1: 20.022021 Q2: 15.812021 Q3: 11.852021 Q4: 10.462022 Q1: 9.882022 Q2: 9.782022 Q3: 8.662022 Q4: 9.462023 Q1: 9.742023 Q2: 11.022023 Q3: 12.962023 Q4: 10.612024 Q1: 12.162024 Q2: 11.502024 Q3: 13.172024 Q4: 13.59

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2015 Q1 tone ↑ +11.1 fwd EPS ↓ -1.60 Tone rose while the forward EPS estimate was cut.
  • 2015 Q2 tone ↓ -4.3 fwd EPS ↑ +0.65 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q3 tone ↑ +4.7 fwd EPS ↓ -0.55 Tone rose while the forward EPS estimate was cut.
  • 2016 Q2 tone ↓ -3.3 fwd EPS ↑ +0.73 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q3 tone ↓ -2.2 fwd EPS ↑ +0.31 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q4 tone ↓ -5.3 fwd EPS ↑ +0.37 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q2 tone ↓ -3.1 fwd EPS ↑ +0.45 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q3 tone ↑ +3.4 fwd EPS ↓ -0.42 Tone rose while the forward EPS estimate was cut.
  • 2019 Q4 tone ↑ +3.0 fwd EPS ↓ -0.52 Tone rose while the forward EPS estimate was cut.
  • 2020 Q2 tone ↑ +2.0 fwd EPS ↓ -1.43 Tone rose while the forward EPS estimate was cut.
  • 2021 Q3 tone ↓ -2.7 fwd EPS ↑ +0.71 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -7.6 fwd EPS ↑ +1.92 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q3 tone ↓ -2.8 fwd EPS ↑ +1.58 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q2 tone ↑ +9.1 fwd EPS ↓ -0.89 Tone rose while the forward EPS estimate was cut.
  • 2024 Q1 tone ↑ +29.2 fwd EPS ↓ -0.31 Tone rose while the forward EPS estimate was cut.
  • 2024 Q2 tone ↓ -32.4 fwd EPS ↑ +0.51 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q3 tone ↑ +6.8 fwd EPS ↓ -0.82 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-02+16.8——View →
2024 Q42025-01-31+12.9$7.8113.6View →
2024 Q32024-11-01+18.6$8.7013.2View →
2024 Q22024-08-02+11.8$9.5211.5View →
2024 Q12024-04-26+44.2$9.0112.2View →
2023 Q42024-02-02+15.1$9.3210.6View →
2023 Q32023-10-27+11.9$8.9913.0View →
2023 Q22023-07-28+20.1$9.5411.0View →