World's largest listed oil company delivers below expectations

Oil major ExxonMobil doubled earnings in the second quarter of this year, but analysts had expected more.

Photo: /ritzau/AP/Matt Brown/Arkiv

It can be hard to meet share analyst expectations if you are US oil major ExxonMobil, after growing earnings by 97 percent in the second quarter of the year compared to the same period last year.

The oil giant delivered operating earnings of USD 3.4 billion in the second quarter, relative to USD 1.7 billion last year, which corresponds to income per share of USD 0.78.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Glencore books huge profit from gas crisis

The exorbitant natural gas prices have led several countries to reverse course on coal. This has served to benefit mining company Glencore, which, unlike competitors, has decided not to cut down on coal production.

Pelosi's Taiwan visit could impact Tesla's battery supplies

According to Bloomberg, the Chinese government has interfered with Chinese battery manufacturer CATL’s plans to build a factory in the US. A decision on where to build the factory has reportedly been postponed due to Nancy Pelosi’s visit to Taiwan. Updated.

Further reading

Related articles

Latest News

See all jobs