ExxonMobil (XOM) Misses Q2 EPS by 35c

ExxonMobil (NYSE: XOM) reported Q2 EPS of $0.92, $0.35 worse than the analyst estimate of $1.27.

“Key projects in Guyana, the U.S. Permian Basin, Brazil, Mozambique and Papua New Guinea are positioning us well to meet the objectives we outlined in our long-term earnings growth plans. The high quality of these resources, combined with our strengths in project execution and innovation, will generate strong value over time,” said Darren W. Woods, chairman and chief executive officer. “Second quarter results were primarily impacted by significant scheduled maintenance undertaken to support operational integrity. In addition, while we were pleased with the return of full production following the PNG earthquake, extended recoveries from first quarter operational incidents in the Downstream were disappointing. However, good progress was made during the second quarter in fully recovering from these incidents.”

For earnings history and earnings-related data on ExxonMobil (XOM) click here.

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