The past two months have been tough for Exxon’s shareholders. Since the company’s worst earnings in 17 years were released on July 29, its stocks have fallen behind the market’s high.

Although on a year-to-date comparison Exxon’s stock is still trading higher than the S&P 500, a closer look shows something different. Shares were on a higher trend until the end of July, when the company reported a 59 percent sink in profits. The results showed that even America’s largest oil company succumbed to almost two years of sinking oil prices.

“Our financial results reflect a volatile industry environment,” said Exxon CEO Rex Tillerson when the numbers were released.


Exxon Stocks versus S&P 500 (Six-month window)

Since then, Exxon stocks have traded lower than the overall market. The change is clear when looking over a six-month window, but even more dramatic when comparing only the past three months. Exxon’s shares are being traded roughly 5 percent below July prices, while the market is roughly 5 percent higher in the same period. As of Sep. 20, Exxon’s shares were being traded at $83.61, a 7.3 percent drop from July 28, when they traded at $90.20.

exxonchart3Exxon Stocks versus S&P 500 (Three-month window)

Exxon’s third-quarter earnings will be released on Oct. 28. Analysts estimate a result of $0.68 earnings per share, just a little over the estimate for July, which was $0.64. Back then, analysts were surprised by the result of mere $0.41 earnings per share. If shareholders will be able to smile again, only time – and Exxon – can tell.   

Source: ExxonMobil Stock Information