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.