ADVFN - Advanced Financial Network.
HOME» NYSE » E » XOM Stock Price » XOM Stock News

Exxon Mobil Share News

 Exxon Mobil Corp. Stock Price
XOM Stock Price
 Exxon Mobil Corp. Stock Chart
XOM Stock Chart
 Exxon Mobil Corp. Stock News
XOM Stock News
 Exxon Mobil Corp. Company Information
XOM Company Information
 Exxon Mobil Corp. Stock Trades
XOM Stock Trades

Exxon Mobil 2nd Quarter Profit Rises 49% on Divestment Gain

By Tess Stynes Exxon Mobil Corp.'s (XOM) second-quarter earnings rose 49% on a net gain related to divestments and tax-related items, though exploration and production profit fell amid lower production. Big oil companies have been expected to report lower second-quarter earnings this week as slower U.S. economic growth and an unexpected increase in production triggered a sharp drop in prices toward the latest period's end. However, the world's largest publicly traded oil company by market value reported that its refining and marketing earnings surged in the latest period on a gain related to a restructuring in Japan as well as improved margins. Exxon Mobil reported a profit of $15.9 billion, or $3.41 a share, up from $10.68 billion, or $2.18 a share, a year earlier. The latest period included a net gain of $7.5 billion related to divestments and tax-related items. Revenue increased 1.5% to $127.36 billion. Analysts polled by Thomson Reuters most recently projected earnings of $1.95 on revenue of $115.08 billion. Exploration and production earnings declined 2.4% as production was down 5.6% on an oil-equivalent basis. During the quarter, Exxon Mobil repurchased 60 million common shares at a cost of $5 billion to reduce shares outstanding. ConocoPhillips (COP) on Wednesday reported its second-quarter earnings fell 33% during its first quarterly reporting period as a pure-play exploration and production company, as its performance was hit by lower oil and natural-gas prices. Chevron Corp. (CVX), the second largest major U.S. oil company after Exxon, is set to report its second-quarter results Friday. Shares were down 1.1% at $84.31 in premarket trading. Write to Tess Stynes at Tess.Stynes@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Exxon Mobil (XOM)
DateTimeHeadline
07/23/201605:59:00Fuel Glut Keeps Pressure on Refiners' Profit
07/22/201617:44:00Correction to InterOil Article on Monday
07/22/201616:41:00Correction to InerOil Article on Thursday
07/21/201614:56:00Exxon Wins Bidding War for InterOil After Oil Search Pulls Out...
07/21/201612:10:00ExxonMobil to Acquire InterOil in Transaction Worth More Than...
07/21/201612:10:00ExxonMobil to Acquire InterOil in Transaction Worth More Than...
07/20/201621:30:00Oil Search Abandons Bid for InterOil, Clears Path for Exxon
07/20/201621:03:00Oil Search Abandons Bid for InterOil, Clears Path for Exxon...
07/20/201620:51:00Oil Search Abandons Bid for InterOil, Clears Path for Exxon
07/20/201614:33:00ExxonMobil to Expand Specialty Elastomers Capacity at Newport...
07/19/201608:55:00Exxon: Gas Compressor Shut Down at Beaumont Refinery
07/19/201603:03:00Exxon's $2.5 Billion Bid For InterOil Tops Rival's -- WSJ
07/18/201612:15:00Exxon Trumps Oil Search Bid for InterOil -- 2nd Update
07/18/201611:40:00Exxon Trumps Oil Search Bid for InterOil
07/18/201611:28:00Exxon Trumps Oil Search Bid for InterOil--Update
07/18/201609:00:00Oil Price Stabilization Means Influx in M&A Activity
07/17/201621:30:00InterOil Board of Directors Determines Unsolicited ExxonMobil...
07/17/201621:28:00Oil Search Says Exxon Trumps Its Bid for InterOil
07/13/201613:20:00Big Banks Warn Tax Proposal on Internal Debt Could Make Industry...
07/12/201613:40:00Permian Resources Draws Strong Interest From Debt Investors

Exxon Mobil and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad