- ExxonMobil (XOM) -1.4% premarket as Q4 earnings dropped 16% Y/Y as it pumped less crude and natural gas; revenues fell 3.3% Y/Y to $110.86B, below $114.94B analyst consensus estimate.
- E&P operating earnings fell 13% to $6.79B, as production declined 1.8% on an oil-equivalent basis.
- Operating earnings in the refining and marketing business fell 48% to $916M on weaker margins, mainly in refining.
- XOM and Statoil (STO) announce a fifth discovery in Block 2 offshore Tanzania; the discovery of an additional 2T-3T cf of natural gas in place in the Mronge-1 well brings total gas resource estimate to 17T-20T cf.
From other sites
at CNBC.com (May 22, 2015)
Video at CNBC.com (May 21, 2015)
at CNBC.com (May 5, 2015)
Video at CNBC.com (May 5, 2015)
Video at CNBC.com (Mar 19, 2015)
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