ExxonMobil (NYSE: XOM) reported Q3 EPS of ($0.15), $0.10 better than the analyst estimate of ($0.25). Revenue for the quarter came in at $46.2 billion versus the consensus estimate of $43.69 billion.

“We remain confident in our long-term strategy and the fundamentals of our business, and are taking the necessary actions to preserve value while protecting the balance sheet and dividend,” said Darren W. Woods, chairman and chief executive officer. “We are on pace to achieve our 2020 cost-reduction targets and are progressing additional savings next year as we manage through this unprecedented down cycle.”

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