(Bloomberg) -- Exxon Mobil Corp., the world's
biggest oil company, reported its first profit decline in more
than three years after production and crude prices fell.
Second-quarter net income dropped to $10.3 billion from
$10.4 billion, the Irving, Texas-based company said today in a
statement. Per-share profit, which rose to $1.83 from $1.72 as
buybacks reduced the amount of stock outstanding, was 13 cents
below the average of 17 analyst estimates compiled by Bloomberg.
Read more at Bloomberg Energy News
biggest oil company, reported its first profit decline in more
than three years after production and crude prices fell.
Second-quarter net income dropped to $10.3 billion from
$10.4 billion, the Irving, Texas-based company said today in a
statement. Per-share profit, which rose to $1.83 from $1.72 as
buybacks reduced the amount of stock outstanding, was 13 cents
below the average of 17 analyst estimates compiled by Bloomberg.
Read more at Bloomberg Energy News
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