 |
Louisiana Light • 2 days | 81.18 | +0.12 | +0.15% | ||
|
Bonny Light • 29 days | 86.00 | -0.62 | -0.72% | ||
|
Opec Basket • 2 days | 81.37 | -0.08 | -0.10% | ||
|
Mars US • 266 days | 75.97 | -1.40 | -1.81% | ||
|
Gasoline • 11 hours | 2.461 | -0.007 | -0.29% |
|
Bonny Light • 29 days | 86.00 | -0.62 | -0.72% | ||
|
Girassol • 29 days | 87.27 | -0.38 | -0.43% | ||
|
Opec Basket • 2 days | 81.37 | -0.08 | -0.10% |
|
Peace Sour • 19 hours | 72.28 | +0.69 | +0.96% | ||
|
Light Sour Blend • 19 hours | 72.28 | +0.69 | +0.96% | ||
|
Syncrude Sweet Premium • 19 hours | 79.18 | +0.89 | +1.14% | ||
|
Central Alberta • 19 hours | 72.28 | +0.69 | +0.96% |
|
Eagle Ford • 3 days | 74.07 | +0.63 | +0.86% | ||
|
Oklahoma Sweet • 2 days | 75.00 | +2.00 | +2.74% | ||
|
Kansas Common • 3 days | 67.75 | +0.50 | +0.74% | ||
|
Buena Vista • 4 days | 83.27 | -2.82 | -3.28% |
Breaking News:
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Oil Prices Under Pressure Despite Bullish Catalysts
Oil prices are under pressure…
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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