Exxon Mobil’s first-quarter profit misses estimates on lower oil, gas prices GlobeBusiness
, and fell to a loss in its refining business due to higher maintenance costs and lower margins on sales.
First-quarter profit fell to $2.35 billion, or 55 cents a share, from $4.65 billion, or $1.09 a share, a year ago.Irving, Texas-based Exxon also took a $115 million impairment charge in its U.S. oil and gas operations.Maintenance and production curtailments in its Canadian oil production, as well as weak oil and natural gas prices, pushed profits down in its oil and gas unit by 10.3 per cent, the company said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Imperial Oil reports first-quarter profit down from year ago, raises dividendImperial Oil reports first-quarter profit down from year ago, raises dividend GlobeBusiness
Read more »
CP Rail first-quarter profits jump 25 per cent despite winter weather woesCanadian Pacific Railway Ltd. missed expectations even though its profits surged 25 per cent during the winter quarter despite lower volumes caused by frigid temperatures and heavy snowfall.“…
Read more »
P&G sales, profit beat estimates on higher pricesProcter & Gamble quarterly sales beat estimates GlobeBusiness
Read more »
Precision Drilling reports first-quarter profit, revenue up from year agoThe company says it earned $25-million or eight cents per diluted share for the quarter ended March 31
Read more »
Ukrainian president-elect calls for IMF talks on lower gas pricesVolodymyr Zelenskiy’s team advocated lower gas prices, though it wants the IMF on board, too
Read more »
Total profits hit by volatile oil prices despite record outputTotal’s adjusted net above analysts expectations; Total increases quarterly dividend by 3.1 pct
Read more »
Twitter says first quarter profit triples on ad demand, daily users upTwitter Inc. on Tuesday said earnings in the first three months of the year more than tripled on strong ad demand while user numbers posted healthy growth.
Read more »
West Fraser misses first quarter analyst expectations as earnings plungeThe company says it lost $5 million or seven cents per share in the quarter ending March 31, compared with earnings of $197 million or $2.53 per share for the same period last year.
Read more »
Gas prices in B.C.: What to know about cheap gas, jerry cans and moreHere’s a few things to know about gas prices in B.C. such as how to safely fill and transport jerry cans and where to find cheap gas.
Read more »
Teck Resources beats profit estimates on energy businessTeck Resources beats profit estimates on energy business GlobeBusiness
Read more »
Husky Energy beats profit estimate on higher marginsCanadian heavy crude prices surged to an average US$42.53 a barrel in the first quarter
Read more »