Categories AlphaGraphs, Earnings, Energy
XOM Earnings: ExxonMobil Q2 2023 profit falls on lower revenues
Energy giant ExxonMobil Corporation (NYSE: XOM) on Friday announced financial results for the second quarter of 2023, reporting a sharp fall in net profit and revenues.
Total revenues and other income declined 28% to $82.9 billion in the June quarter from $115.7 billion in the same period of 2022. The results were adversely impacted by lower natural gas realizations and industry refining margins.
Net income attributable to ExxonMobil was $7.88 billion, or $1.94 per share, which is sharply lower than the $17.85 billion or $4.21 per-share profit reported last year. Adjusted earnings dropped 53% annually to $1.94 per share.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Key metrics from Shopify’s (SHOP) Q1 2024 earnings results
Shopify Inc. (NYSE: SHOP) reported first quarter 2024 earnings results today. Revenue increased 23% to $1.9 billion compared to the prior-year period. Gross Merchandise Volume (GMV) increased 23% year-over-year to
EA Earnings: Electronic Arts reports lower revenues for Q4 2024
Video game publisher Electronic Arts (NASDAQ: EA) Tuesday reported a decline in revenues for the fourth quarter of 2024. Meanwhile, the top line came in slightly above analysts' estimates. Fourth-quarter
What to look for when Home Depot (HD) reports Q1 2024 earnings
Shares of The Home Depot (NYSE: HD) stayed red on Tuesday. The stock has gained 17% over the past 12 months. The home improvement retailer is scheduled to report its