Exxon Mobil Q2 profit dips to lowest level in 4 years as energy prices slide

New York, August 1 (AP) Exxon Mobil’s second quarter profit fell to the lowest level in four years, and sales fell because OPEC has decreased to increase oil prices.

Texas Petroleum Drills still increased the Wall Street profit expectations to the top Friday, and even if the global markets fell into the United States’ irregular trade policies, it rose a little before the opening bell.

Exxon won $ 7.08 billion or $ 1.64 per share for the period that ended on June 30th. A year ago, he earned $ 9.24 billion or $ 2.14 per share.

This was better than Wall Street expected, but the EXXON does not adjust the reported results according to one -time events such as asset sales. Analysts participating in the survey by Zacks Investment Research wanted $ 1.49 per share.

“The second quarter, market conditions or geopolitical developments, regardless of our shareholders and competitive advantages, proved the value of our strategy and competitive advantages,” said President and CEO Darren Woods. He said.

The income fell from $ 93.06 billion to $ 81,51 billion and missed $ 82.82 billion by Wall Street.

The Chevron Corp reported a second quarter profit of $ 2.49 billion or $ 1.45 per share. The removal of one -time costs was $ 1.77 per share.

This was the lowest level of four years for the second quarter, but Wall Street defeated the profit expectations and missed the income expectations of industrial analysts.

The analysts participating in the survey by Zacks Investment Research were waiting for $ 1.70 in Chevron’s share.

Chevron’s three -month income was $ 44.82 billion.

In July, eight members of OPEC Oil Export Import Countries said that they would increase production by 548,000 barrels per day in August with a decision that could even further reduce gas prices this year. They showed “fixed global economic appearance” and low oil stocks.

In June, oil prices rose sharply during the 12 -day clashes between Israel and Iran, but helped a peace agreement after leaving bombs on three key nuclear sites. (AP) Scy Scy