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
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%