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
CVX Earnings: Chevron reports lower revenue and profit for Q1 2024
Energy exploration company Chevron Corporation (NYSE: CVX) announced first-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation was $5.50 billion or
ABBV Earnings: AbbVie reports lower adj. profit for Q1 2024; revenue edges up
Specialty biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) Friday announced first-quarter 2024 financial results, reporting a decline in adjusted earnings and a modest rise in revenues. The company reported worldwide net
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q1 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported first quarter 2024 earnings results today. Net sales increased 6.2% year-over-year to $5.06 billion. Organic sales increased 9.8%. Net income attributable to Colgate-Palmolive Company was
