Exxon May Lead Drop in Global Oil Profits On Lower Prices
From Bloomberg
The world’s largest oil companies are poised to report a drop in second-quarter earnings after crude prices declined for the first time in three years.
Exxon Mobil Corp. (XOM), the world’s biggest oil company by market value, will probably say tomorrow net income dropped 13 percent from a year earlier to $9.3 billion dollars, based on the average of five analysts’ estimates compiled by Bloomberg. Royal Dutch Shell Plc (RDSA), Europe’s top oil producer, is expected to see profit decline 4 percent after adjusting for certain gains and losses.
