The per-share result was 23 cents lower than the 64 cent average of 20 analyst estimates in a Bloomberg survey.
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The companies have slashed spending on exploration and cut budgets to offset lower prices, but that has yet to create a sustained rebound in oil prices.
The stock has its 200-day moving average of $85.81 and $92.35 as its 50-day moving average.
The company said revenue for the quarter fell 22.2% to $57.69 billion.
Exxon Mobil Corp. has a 52-week low of $66.55 and a 52-week high of $95.55. The Weekly and Monthly Volatility of the stock are 1.03% and 1.18% respectively.
Exxon Mobil Corporation (XOM) recently recorded -0.78 percent change and now at $90.2 is 39.12 percent away from its 52-week low and down -5.6 percent versus its peak. The stock’s market capitalization has now valued at $379.54B.
Shares of Exxon Mobil Corporation (XOM) have shown an impressive run, climbing nearly 16% year-to-date while rising 21% just over the past six months.
Exxon Mobil fell 3 percent early Friday, the most in the Dow Jones industrial average, after reporting its smallest quarterly profit in nearly 17 years. The stock’s institutional ownership stands at 83.80%.
3M Company (NYSE:MMM) trimmed its sales outlook for the year, as the company topped second-quarter profit expectations despite continued falling sales in its struggling electronics and energy business.
Wall Street await Exxon Mobil Corporation (NYSE:XOM) to release earnings on July, 29.
Exxon Mobil (XOM) profit fell, missing analyst estimates, as an oil glut spread to motor fuels, dragging down refinery margins.
This third quarter dividend is at the same level as the dividend paid in the second quarter of 2016. The dividend will be paid August 24, 2016 to all shareholders of record as of the close of business August 10, 2016. Exxon Mobil Corporation was Upgraded by Argus to ” Buy” on May 18, 2016. However, the dividend offered a healthy yield of 3.3 percent compared to the five-year average of 2.8 percent.
05/02/2016 – Exxon Mobil Corporation had its “underperform” rating reiterated by analysts at Credit Suisse. Post opening the session at $90.54, the shares hit an intraday low of $89.61 and an intraday high of $90.73 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red. In the USA upstream division, the net loss rose from $47 million in the second quarter of previous year to $514 million.
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Analysts projected the maximum potential price target of $12.5 however minimum reachable price target is $2 expected by them, according to WSJ data. That may sound like a lot, but it’s actually the tiniest bottom line for Exxon since 1999, just before the company merged with Mobil. The Firm also makes and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.
