A sign is seen at the entrance of the ExxonMobil Port Allen Lubricants Plant in Port Allen, Louisiana, November 6, 2015.
Lee Celano | Reuters
Exxon Mobil reported second-quarter results on Friday that beat analyst expectations, sending the company’s stock up more than 2% in the premarket.
Here’s what Wall Street expected from the energy giant’s results:
- Earnings: 66 cents per share expected by Refinitiv
- Revenue: $65.202 billion expected
- Upstream income: $3.15 billion forecast by StreetAccount
- Downstream income: $626.7 million forecast
Exxon shares have taken a tumble recently, falling more than 6% over the past three months. Exxon’s decline tracks a 10.6% plunge in crude over that time period, as concerns over U.S.-China trade and oversupply have pressured oil prices.
For the year, Exxon is up 6.3% through Thursday’s close, lagging both the S&P 500 and the energy sector. The S&P 500 is up more than 17% in 2019 while the energy sector is up 6.6%.
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