ExxonMobil Holdings Corp
XOM: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|Q# | LOCK|$#t@ | LOCK|c@P>yLc |
ExxonMobil Earnings: Growing Production and Cost Reductions Help Mitigate Lower Commodity Prices
Exxon's second-quarter earnings surpassed market expectations, falling to $7.1 billion from $9.2 billion a year ago, mainly on lower oil prices and refining margins. But strong volume growth, further structural cost reduction, and contributions from new projects mitigated the impact of lower prices.
