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Exxon: 2Q Earnings Snapshot

IRVING, Texas — Exxon Mobil Corp. (XOM) on Friday reported a second-quarter loss of $1.08 billion, after reporting a profit in the same period a year earlier.

On a per-share basis, the Irving, Texas-based company said it had a loss of 26 cents. Losses, adjusted for non-recurring gains, were 70 cents per share.

The results fell short of Wall Street expectations, but Exxon does not adjust its reported results based on one-time events such as asset sales. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 63 cents per share.

The oil and natural gas company posted revenue of $32.6 billion in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $36.08 billion.

Exxon shares have fallen 40% since the beginning of the year, while the Standard & Poor’s 500 index has stayed nearly flat. The stock has dropped 44% in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on XOM at