Exxon Mobil Corp. (XOM) Profit Falls
Exxon Mobil Corp., the world's biggest publicly traded oil company, said Thursday its profit fell 10 percent in the third quarter from a year ago as the company was hurt by lower refining and chemical margins.
The profit was below expectations of Wall Street analysts.
The energy company said net income declined to $9.41 billion, or $1.70 per share, from $10.49 billion, or $1.77 per share, in the year-ago period.
Its profit in the third quarter of 2006 was the second-largest ever recorded by a publicly traded U.S. company.
Revenue at the Irving, Texas-based company rose to $102.3 billion from $99.59 billion in the third quarter of 2006.
The profit was below expectations of Wall Street analysts.
The energy company said net income declined to $9.41 billion, or $1.70 per share, from $10.49 billion, or $1.77 per share, in the year-ago period.
Its profit in the third quarter of 2006 was the second-largest ever recorded by a publicly traded U.S. company.
Revenue at the Irving, Texas-based company rose to $102.3 billion from $99.59 billion in the third quarter of 2006.
Labels: Exxon Mobil Corp., XOM
posted by Stock Administrator @ 8:33 AM
0 Comments:
Post a Comment
<< Home