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2016-05-03 14:45:00

EXXON NET INCOME DOWN 63%

EXXON NET INCOME DOWN 63%

Exxon Mobil Corporation (NYSE:XOM) announced estimated first quarter 2016 earnings of $1.8 billion, or $0.43 per diluted share, compared with $4.9 billion a year earlier. The impacts of sharply lower commodity prices and weaker refining margins were partly offset by strong Chemical results.

"The organization continues to respond effectively to challenging industry conditions, capturing enhancements to operational performance and creating margin uplift despite low prices," said Rex W. Tillerson, chairman and chief executive officer. "The scale and integrated nature of our cash flow provide competitive advantage and support…

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Tags: EXXON, INCOME, OIL, GAS, PRICES
Chronicle:
EXXON NET INCOME DOWN 63%
2020, September, 18, 12:10:00
NUCLEAR POWER WILL UP BY 82%
IAEA analysts expect an increase of global nuclear electrical generating capacity by 82% to 715 gigawatts.
EXXON NET INCOME DOWN 63%
2020, September, 18, 12:05:00
EXTREME ENERGY CONTROL AT CURRENT MOMENT
The EC&CM method closes the era of technologies and systems of optimal (from Latin optimum - best) energy control in real time.
EXXON NET INCOME DOWN 63%
2020, September, 18, 12:00:00
RUSSIA'S ARCTIC LNG 2 INVESTMENT $9.5 BLN
Russia's $21 billion project Arctic LNG 2, which received final investment approval a year ago, is expected to be launched in 2023 and to reach its full capacity of almost 20 million tonnes per year in 2026.
EXXON NET INCOME DOWN 63%
2020, September, 17, 17:05:00
OIL PRICE: NOT BELOW $41 YET
Brent was down 22 cents, or 0.5%, to $42.00 a barrel , WTI fell 28 cents, or 0.7%, to $39.88 a barrel.
EXXON NET INCOME DOWN 63%
2020, September, 17, 17:00:00
NORD STREAM 2 FOR RUSSIA
Russia says Nord Stream 2 is a commercial project -- backed by five European energy companies -- and should not be used for political point-scoring.
EXXON NET INCOME DOWN 63%
2020, September, 17, 16:55:00
NORD STREAM 2 FOR AUSTRIA
"Nord Stream 2 for us is an economic project, a positive project, because we believe that it is good to have more diversification and to be able to use different routes for energy supply to Europe," Kurz said during a press conference in Vienna.
EXXON NET INCOME DOWN 63%
2020, September, 17, 16:50:00
ADNOC CUT BY 25%
ADNOC plans a 30% cut in October term volumes for all of its crude grades
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