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Exxon Mobil profit falls by half but production rises
2015-08-02 12:46:23| Chemicals - Topix.net
Exxon Mobil Corp. profit dropped by half in the second quarter on sharply lower oil and gas prices around the world, but the company's oil and gas production, which has been generally declining in recent years, surged.
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Exxon Mobil profit falls by half but production rises
2015-08-02 12:36:25| Energy - Topix.net
Exxon Mobil Corp. profit dropped by half in the second quarter on sharply lower oil and gas prices around the world, but the company's oil and gas production, which has been generally declining in recent years, surged.
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Exxon Mobil, Chevron feel squeeze of oil price drop
2015-08-02 05:55:39| Beverages - Topix.net
Big Oil squeezed: Shares of Exxon Mobil and Chevron, the two largest publicly traded energy companies, each fell 5 percent A Friday after both companies reported major declines in profits largely due to the big drop in the price of oil over the past year. Exxon shares closed Friday at $79.21; Chevron closed at $88.48.
Tumbling oil prices slam profit at Exxon Mobil, Chevron
2015-07-31 18:40:37| Chemicals - Topix.net
Earnings at Exxon and Chevron, two of the world's largest oil producers, also missed analysts' expectations, adding to concerns that perhaps executives had not acted quickly enough to mitigate the impact of an over-50-percent drop in oil prices since last summer. The results also highlighted how smaller and more nimble U.S. shale oil companies had slashed costs faster and more aggressively than global majors.
Exxon Mobil posts 2Q profit of $4.19 billion, result misses forecasts
2015-07-31 15:44:15| Chemicals - Topix.net
The results fell short of Wall Street expectations, but Exxon does not adjust its reported results based on one-time events such as asset sales. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.
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