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
06/23/201614:20:00U.S. Oil Output to Get Boost From Gulf
06/21/201610:07:00MARKET SNAPSHOT: U.S. Stocks Step Higher As Markets Await Yellen...
06/20/201615:42:00Crane Collapse at Exxon's Torrance Refinery Injures Three
06/16/201616:33:46Annual Report of Employee Stock Plans (11-k)
06/16/201608:30:00Exxon Evacuates Workers Amid California Wildfire
06/16/201608:21:00Exxon Evacuates Workers Amid California Wildfire
06/16/201603:03:00Exxon Seeks to Block State's Order for Files -- WSJ
06/15/201619:01:00Exxon Seeking Injunction Against Climate-Change Investigation
06/15/201617:01:00Exxon's Beaumont Refinery Gets All-Clear After Bomb Threat
06/15/201616:20:00Exxon Seeking Injunction Against Climate-Change Investigation
06/15/201616:11:00Exxon Seeking Injunction Against Climate-Change Investigation
06/15/201614:51:00Exxon Says Bomb Threat Received at Refinery in Beaumont, Texas
06/15/201610:48:18Statement of Changes in Beneficial Ownership (4)
06/14/201615:18:19Statement of Changes in Beneficial Ownership (4)
06/10/201605:47:00Statoil Lowers Expectations off Newfoundland
06/08/201617:19:08Statement of Changes in Beneficial Ownership (4)
06/07/201615:41:39Statement of Changes in Beneficial Ownership (4)
06/06/201606:30:00Oil Markets Open Up as Global Outages Curb Supply
06/03/201604:29:00Statoil Tightens Grip on Utgard Field in North Sea
06/02/201621:20:00Aetna Sells $13 Billion of Bonds to Back Humana Purchase

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