Barclays Maintains an 'Equalweight' on ExxonMobil (XOM); Q1 Preview: Expecting Beat By $0.02

Barclays maintains an 'Equalweight' on ExxonMobil (NYSE: XOM) price target of $93.00.

Analyst, Paul Y. Cheng, previews XOM's Q1 report: sees EPS of $2.09 vs. consensus of $2.07.

Cheng said, "We forecast upstream earnings of $8,782 million, down 1% q-o-q and up 1% y-o-y, or $20.9/boe. Total production is estimated at 4,625 mboe/d (000's boe/d), up 2% q-o-q and down 4% y-o-y...We expect downstream earnings of $845 million, compared to $425 million in 4Q11 and $1,099 million in 1Q11, or $1.8/boe...We forecast chemical earnings of $818 million, up 51% q-o-q and down 46% y-o-y."

For an analyst ratings summary and ratings history on ExxonMobil click here. For more ratings news on ExxonMobil click here.

Shares of ExxonMobil closed at $85.69 yesterday.

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