 |
Louisiana Light • 2 days | 87.12 | +0.63 | +0.73% | ||
|
Bonny Light • 2 days | 88.40 | -0.92 | -1.03% | ||
|
Opec Basket • 2 days | 88.39 | -0.06 | -0.07% | ||
|
Mars US • 175 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 11 mins | 2.763 | +0.004 | +0.16% |
|
Bonny Light • 2 days | 88.40 | -0.92 | -1.03% | ||
|
Girassol • 2 days | 89.03 | -0.87 | -0.97% | ||
|
Opec Basket • 2 days | 88.39 | -0.06 | -0.07% |
|
Peace Sour • 15 hours | 76.77 | +0.76 | +1.00% | ||
|
Light Sour Blend • 15 hours | 79.82 | +0.76 | +0.96% | ||
|
Syncrude Sweet Premium • 15 hours | 86.77 | +0.76 | +0.88% | ||
|
Central Alberta • 15 hours | 77.17 | +0.76 | +0.99% |
|
Eagle Ford • 2 days | 80.05 | +0.76 | +0.96% | ||
|
Oklahoma Sweet • 2 days | 80.00 | +0.75 | +0.95% | ||
|
Kansas Common • 2 days | 73.75 | +0.75 | +1.03% | ||
|
Buena Vista • 3 days | 87.23 | -0.55 | -0.63% |
Breaking News:
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Why Exxon's 49% Increase in Quarterly Profits Remains Less than Predicted
Despite the fact that ExxonMobil’s second quarter profits have been declared as $15.9 billion, a 49% increase from the year before, its quarterly earnings have been lower than predicted.
This is because most of its profit came from the $7.5 billion sale of its stake in a Japanese refining and chemicals company, amongst other things.
Ignoring the one off asset sales, Exxon earned just $8.4 billion, a value of $1.80 per share, and 22% less than the predicted $1.95 per share.
Oil and gas output actually fell by 5.6 percent to 4.15 million barrels per day, whilst oil prices fell 8.8 percent and natural gas prices dropped a massive 46.2 percent.
Exxon’s chemical business also struggled, earning only $820 million, 33% less than analysts at Raymond James had predicted.
By. Joao Peixe of Oilprice.com
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