Great Expectations for Exxon Mobil

On Monday, Exxon Mobil (XOM:NYSE – news – research – Cramer’s Take), the 500-pound gorilla of oil companies, will report to the oohs and ahs of Wall Street. And for good reason: the company should improve on a record 2004, and I see it topping analyst expectations for earnings. Here’s how I see the numbers shaping it, but first some background.

I would not be surprised to see XOM beat the $1.44 estimates, and I currently have XOM earning about $1.50 a share. I have an initial estimate of $6.00 in 2006; the Street is currently at $5.49. XOM has said it believes oil prices will be around $48. My current estimate for 2006 is based on higher average oil prices.

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