Exxon Mobil shares fell 4 percent to $79.52 while Chevron was down 4.2 percent at $89.06 after quarterly profits slumped on falling oil prices. Amgen rose 4.7 percent to $179.64 after the world’s largest biotechnology company reported higher-than-expected second-quarter results. Wall Street opened higher after an historically weak reading of U.S wage growth lent weight to the view that the Fed could delay a rate increase.
NEW YORK (AP) — Exxon Mobil Corp. profit dropped by half in the second quarter on sharply lower oil and gas prices around the world, but the company’s oil and gas production, which has been generally declining in recent years, surged.
Chevron Corp. (CVX) on Friday reported second-quarter earnings of $571 million. On a per-share basis, the San Ramon, California-based company said it had net income of 30 cents. The results missed Wall …
Second-quarter profit at oil producer Chevron Corp tumbled 90 percent, missing analysts’ expectations, amid weakness in oil prices . Chief Executive John Watson bluntly said the results were “weak” and that he was working to slash costs by renegotiating supply contracts. Chevron earned a net income of $571 million, or 30 cents a share, compared with $5.67 billion, or $2.98 per share, a year earlier.
(Reuters) – Exxon Mobil Corp , the world’s largest publicly traded oil company, on Friday reported a 52 percent slide in second-quarter profit as tumbling crude oil prices weighed on results.
IRVING, Texas (AP) — Exxon Mobil Corp. (XOM) on Friday reported second-quarter profit of $4.19 billion.
Wall Street wraps up the Grateful Dead-like month with investors wondering if the roller coaster ride will continue into August. However, the same can’t be said about oil and oil company profits– for them, July was just plain nasty. And if you’re a fan of medieval mayhem, you have a reason to smile this morning. We’ll tell you why.
[CNW Group] – Media Advisory – Goldcorp Inc. officially inaugurates its Éléonore mine
By Nidal al-Mughrabi GAZA (Reuters) – A luxurious new tourist resort has opened in the Gaza Strip, its manicured lawns, sparkling pool and private beach in stark contrast to the impoverished territory still struggling to recover from last year’s war. The Blue Beach Resort, made up of 162 chalet-style rooms set among palm trees and overlooking the Mediterranean, hopes to become the “most significant tourist attraction and entertainment venue in
