Friday, November 1, 2019

Exxon Mobil Q3 Profit Tops Estimates; Chevron Misses

Exxon Mobil Corp. (XOM) reported third-quarter earnings per share of $0.75 compared to $1.46, prior year. Earnings included a favorable tax-related identified item of about $300 million, or $0.07 per share. On average, 19 analysts polled by Thomson Reuters expected the company to report profit per share of $0.67 for the quarter. Analysts' estimates typically exclude special items. GAAP earnings declined 49 percent year-on-year to $3.17 billion. Total Upstream earnings declined to $2.17 billion from $4.23 billion.

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