Exxon Mobil Corporation (XOM) posted better-than-expected Q2 results. The outstanding performance of the Chemicals business and prudent cost management were the primary drivers. However, shares of the global oil and gas corporation decreased 2.3% to close at $57.57 on July 30, following the cautious comments of the management about rewarding shareholders. Apparently, some investors are unhappy that the company will use its cash to pay down debt instead of increasing dividends. The company reported Q2 earnings of $1.10 per share and beat analysts’ expectations of $0.97. A loss of $0.26 per share was reported in the prior year quarter. In more positive news, total revenues of $67.
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Exxon Mobil (NYSE:XOM)
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