ExxonMobil And Chevron Suffer Profit Falls On Lower Oil Prices
Exxon mobil reported q3 earnings fell 15% to $1. 92 per share while sales totaled $90. 02 billion, down about 1% compared to a year ago. Ahead of friday, the analyst. The top u. s. Oil producer reported income of $8. 61 billion, down from $9. 07 billion a year ago. Its $1. 92 per share profit topped wall street's outlook of $1. 88 per share, on.
The company reported net income of $4. 5 billion, or $2. 48 per share. Profits fell 31% from the same period a year. Exxon, the biggest western oil company, posted net income of $8. 6bn on friday, down 7 per cent on the same period a year ago. Chevron, the second biggest, made $4. 5bn, 30 per cent below last year.