Exxon Mobil reports record earnings that beat expectations and revenue that fell but topped forecasts

Exxon Mobil Corp. XOM reported Friday record first-quarter earnings that beat expectations, and revenue that declined as lower prices and crude and natural gas realizations impacted results, but was above forecasts. The oil and gas giant’s stock slipped 0.2% in premarket trading. Net income more than doubled to $11.43 billion, or $2.79 a share, from $5.48 billion, or $1.28 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $2.

The oil and gas giant’s stock slipped 0.2% in premarket trading. Net income more than doubled to $11.43 billion, or $2.79 a share, from $5.48 billion, or $1.28 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $2.83 beat the FactSet consensus of $2.60. Total revenue fell 4.3% to $86.56 billion but was above the FactSet consensus of $85.65 billion. Oil and gas net production increased by nearly 300,000 oil-equivalent barrels per day.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Honeywell buying Compressor Controls Corp. for $670 mln in deal that will add to its earningsHoneywell International Inc. said Wednesday it will pay $670 million to buy Compressor Controls Corp. from private equity firm Clayton, Dubilier & Rice and...
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »