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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%
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