30.10.2015 - Exxon Mobil has reduced profit by 2 times

Exxon Mobil reported on the results of the third quarter, according to which its revenue fell to 67.34 billion compared to $ 107.13 billion in the same period last year. Analysts had forecasted a drop in revenue to 61.7 billion. Profit fell to 4.24 billion dollars against 8.07 billion last year. The company said about the continuation of the program on spending cuts, regardless of oil prices. The main reason for the deterioration was the decline in oil prices, but part of the business that is engaged in processing of crude oil has offset some of the negative. We expect stable growth of shares of the company by 15-20% per annum in the medium term.

Exxon Mobil Logo

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.