Exxon Mobil Earnings, Revenue Miss in Q2

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Exxon Mobil announced earnings per share of $-0.7 on revenue of $32.61B. Analysts polled by Investing.com anticipated EPS of $-0.62 on revenue of $37.41B.

Exxon Mobil shares are down 40% from the beginning of the year , still down 44.66% from its 52 week high of $75.66 set on July 31, 2019. They are under-performing the Dow Jones which is down 7.8% from the start of the year.

Exxon Mobil shares lost 0.86% in pre-market trade following the report.

Exxon Mobil’s report follows an earnings missed by Chevron on Friday, who reported EPS of $-4.44 on revenue of $15.93B, compared to forecasts EPS of $-0.89 on revenue of $21.71B.

Royal Dutch Shell B ADR had beat expectations on Thursday with second quarter EPS of $0.16 on revenue of $32.5B, compared to forecast for EPS of $-0.2 on revenue of $54.33B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar