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
07/03/201514:20:02I Finally Took My Own Advice and Bought Shares of ExxonMobil
06/26/201518:55:46Guyana Assures Exxon Venezuela Dispute Won't Slow Oil Exploration
06/26/201516:40:27Exxon Mobil, BP Suspend Canadian Arctic Exploratory Drilling...
06/26/201516:27:07Exxon Mobil, BP Suspend Canadian Arctic Exploratory Drilling...
06/23/201521:10:40Exxon Stops Pumping Oil off Coast of Santa Barbara
06/23/201513:00:32Dutch Government to Cut Groningen Gas-Field Output
06/22/201521:24:33NGLs: What They Are, and Why You Should Know
06/19/201516:59:56Annual Report of Employee Stock Plans (11-k)
06/18/201518:07:24Exxon Mobil, Petroleos de Venezuela to Sell Jointly Owned Refinery...
06/18/201515:09:39Here’s Why PBF Energy Inc’s Stock Surged 16% Today
06/18/201514:34:00ExxonMobil, Korea Institute of Technology and Korea Gas Corporation...
06/18/201513:10:09PBF Energy to Buy Louisiana Plant
06/18/201513:06:32PBF Energy to Buy Refinery in Louisiana
06/18/201511:46:00ExxonMobil Sells Share of Chalmette Refining, LLC in Louisiana
06/18/201511:45:03How Big Oil Was Saved From the Oil Price Crash
06/17/201514:00:023 Stock Market Tips for Investing in Oil
06/16/201516:29:11Statement of Changes in Beneficial Ownership (4)
06/16/201507:55:00ExxonMobil Announces Kearl Expansion Project Starts Production...
06/11/201512:26:3410 Most Profitable Businesses in Texas
06/10/201516:00:25Exxon Says It Didn't Cause Texas Quakes

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 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad