ExxonMobil (XOM) Misses Q2 Earnings & Revenue Estimates
Zacks Investment Research | Jul 28, 2016 11:13PM ET
ExxonMobil Corporation (NYSE:XOM) posted second-quarter 2016 earnings of 41 cents per share, widely missing the Zacks Consensus Estimate of 64 cents. The bottom line, also, deteriorated from $1.00 per share in the year-ago quarter. The impact of sharply lower commodity prices and weaker refining margins was partly offset by strong Chemical results.
Total revenue in the quarter decreased to $57,694 million from $74,113 million in the year-ago quarter. The top line also came in below the Zacks Consensus Estimate of $59,834 million.
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