31.10.2014 - Exxon Mobil increased its profits, but stopped working in Russia
Exxon Mobil's profit in the third quarter increased by 2.5%, amid profit growth in refineries and marketing success that allowed to compensate losses from reduced production by 4.7%. Profit amounted 8.07 billion dollars or 1.89 dollars per share against the forecast of $ 1.79 per share. At the moment, the company is trying to switch to more profitable fields like oil sands in Canada. Despite this, a negative for the company was the stop of drilling in the Russian Arctic in connection with US sanctions against Russia. Despite the current improvement of the financial results, the growth of the company's stock is limited in the medium term due to the fall in oil prices.