Exxon Mobil misses earnings expectations
Former Shell Oil President John Hofmeister on Germany's reliance on Russia for oil and the outlook for oil prices.
Exxon Mobil missed analysts expectations on second-quarter earnings, although revenue was a slight beat as the company's production and refinery throughput declined.
Exxon earned 92 cents per share in the second quarter on revenue of $73.5 billion. Analysts polled by Thomson Reuters had expected earnings of $1.27 a share on revenue of $72.59 billion.
The company's quarterly oil-equivalent production was 3.6 million barrels per day, down 7% from the second quarter of 2017.