Investing.com - Exxon Mobil (NYSE:XOM) reported second quarter earnings that beat analysts' expectations on Friday and revenue that topped forecasts.
The firm reported earnings per share of $0.73 on revenue of $69.09B. Analysts polled by Investing.com forecast EPS of $0.7 on revenue of $64.85B. That compared to EPS of $0.92 on revenue of $73.5B in the same period a year earlier. The company had reported EPS of $0.55 on revenue of $63.63B in the previous quarter.
Exxon Mobil shares gained 2.05% to trade at $74.00 in pre-market trade following the report.
Exxon Mobil shares gained 2.05% to trade at $74.00 in pre-market trade following the report.
For the year, Exxon Mobil shares are up 6.34%, under-performing the S&P Global (NYSE:SPGI) 100 which is up 14% year to date.
Exxon Mobil follows other major Energy sector earnings this month
On Thursday, Royal Dutch Shell B ADR reported second quarter EPS of $0.86 on revenue of $90.54B, compared to forecasts of EPS of $1.21 on revenue of $86.7B.
Total ADR earnings missed analyst's expectations on Thursday, July 25, 2019, with second quarter EPS of $1.05 on revenue of $45.2B. Investing.com analysts expected EPS of $1.12 on revenue of $46.95B
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