SPRING, Texas (AP) — SPRING, Texas (AP) — Exxon Mobil Holdings Corporation (XOM) on Friday reported second-quarter profit of $14.53 billion.
On a per-share basis, the Spring, Texas-based company said it had profit of $3.48. Earnings, adjusted for non-recurring costs, were $3.52 per share.
The results missed Wall Street expectations, but Exxon does not adjust its reported results based on one-time events such as asset sales. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.68 per share.
The oil and natural gas company posted revenue of $116.02 billion in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $95.8 billion.
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