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Exxon: 3Q Earnings Snapshot

Exxon: 3Q Earnings Snapshot

Reported by: AP [ Published on: November 02, 2018 18:15 IST ]
Image Source : AP Exxon: 3Q Earnings Snapshot

IRVING, Texas (AP) — Exxon Mobil Corp. on Friday reported third-quarter profit of $6.24 billion.

The Irving, Texas-based company said it had profit of $1.46 per share.

The results topped Wall Street expectations, but Exxon does not adjust its reported results based on one-time events such as asset sales. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.

The oil and natural gas company posted revenue of $76.61 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $72.45 billion.

Exxon shares have decreased roughly 4 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 2 percent. The stock has decreased almost 4 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XOM at https://www.zacks.com/ap/XOM

Disclaimer: This is unedited, unformatted feed from the Associated Press (AP) wire.

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