ExxonMobil Earns $4.2 Billion in Third Quarter of 2015

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Low Tax Rate on One-Time Item Contributes to ExxonMobil (XOM) EPS Beat; UBS Raises Price Target to $81

November 2, 2015 10:37 AM EST

UBS reiterated a Neutral rating on ExxonMobil (NYSE: XOM), and raised the price target to $81.00 (from $77.00), following the company's 3Q earnings results. 3Q15 EPS fell 46% YoY to $1.01, above consensus of $0.89. A lower than expected tax rate related to a one-time item benefitted EPS by... More