Investing.com - Exxon Mobil reported on Friday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Exxon Mobil announced earnings per share of $-0.18 on revenue of $46.20B. Analysts polled by Investing.com anticipated EPS of $-0.25 on revenue of $45.07B.
Exxon Mobil shares are down 52% from the beginning of the year , still down 54.91% from its 52 week high of $73.12 set on Tuesday, November 5, 2019. They are under-performing the S&P 500 which is up 2.46% year to date.
Exxon Mobil shares lost 0.30% in pre-market trade the report.
Exxon Mobil follows other major Energy sector earnings this month
Exxon Mobil's report follows an earnings beat by Chevron on Friday, who reported EPS of $0.11 on revenue of $24.45B, compared to forecasts EPS of $-0.23 on revenue of $25.61B.
Royal Dutch Shell B ADR had beat expectations on Thursday with third quarter EPS of $0.24 on revenue of $44.02B, compared to forecast for EPS of $0.04 on revenue of $46.36B.
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