Exxon Mobil reported second-quarter earnings on Friday that declined significantly compared to last year, though the company beat Wall Street estimates as production growth softened the impact of lower oil prices.
Exxon’s net income fell 23% to $7.1 billion, of $1.64 per share, compared to $9.2 billion, or $2.14 per share, in the same period last year.
Here is what Exxon reported for the second quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
- Earnings per share: $1.64 vs. $1.54 expected
- Revenue: $81.5 billion vs. $80.77 billion expected
This is a breaking news story. Please check back for updates.
