Exxon Mobil (NYSE:XOM), the biggest U.S. oil and gas company, said Thursday that third-quarter net income was $7.87 billion, or $1.79 per share. That compared with $9.57 billion, or $2.09 per share, a year earlier. Revenue dipped 2 percent to $112.37 billion.
It was Exxon’s second-smallest quarterly profit since mid-2010, beating only this year’s second-quarter earnings of $6.86 billion. Still, the results exceeded expectations. Analysts forecast profit of $1.77 per share on revenue of $107.39 billion, according to a FactSet survey.
Exxon Mobil’s profit falls 18% – Los Angeles Times
International Business TimesExxon Mobil’s profit falls 18%Los Angeles TimesIt was Exxon’s second-smallest quarterly profit since mid-2010, beating only this year’s second-quarter earnings of $6.86 billion. Still, the results exceeded expectations. An …
This could be Exxon Mobil’s biggest threatCNBC.comStocks in companies such as Exxon Mobil and BP are staples of such portfolios because of their slow-growth, dividend-rich profile, yet few investors ever consider those companies’ having to write off …
Talk about negative thoughts on the oil industry….
Exxon Mobil makes its profit by ripping oil out of our Earth and then selling it back to us as if the Earth belongs to Exxon.
Inside ExxonMobil’s “Private Empire”
Inside ExxonMobil’s “Private Empire”