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Tumbling oil prices slam profit at Exxon Mobil, Chevron
2015-07-31 18:40:37| Chemicals - Topix.net
Earnings at Exxon and Chevron, two of the world's largest oil producers, also missed analysts' expectations, adding to concerns that perhaps executives had not acted quickly enough to mitigate the impact of an over-50-percent drop in oil prices since last summer. The results also highlighted how smaller and more nimble U.S. shale oil companies had slashed costs faster and more aggressively than global majors.
Exxon misses 2Q profit forecasts
2015-07-31 16:24:15| Energy - Topix.net
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Exxon profit falls by half but production rises
2015-07-31 16:03:40| Oil & Gas - Topix.net
Exxon Mobil Corp. profit dropped by half in the second quarter on sharply lower oil and gas prices around the world, but the company's oil and gas production, which has been generally declining in recent years, surged. The company posted net income for the second quarter of $4.19 billion, down 52 percent from $8.78 billion in the second quarter of last year.
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Gildan Activewear reports US$99.4M Q2 profit, down from $166M a year ago
2015-07-31 15:50:22| Apparel - Topix.net
Gildan Activewear Inc. reported lower than expected results as its second-quarter profit dropped due to price cuts it made to its clothing sold to screenprinters. The company says the price cuts to for its printwear were partly offset by higher sales and margins in its branded clothing and lower taxes.
Exxon Mobil posts 2Q profit of $4.19 billion, result misses forecasts
2015-07-31 15:44:15| Chemicals - Topix.net
The results fell short of Wall Street expectations, but Exxon does not adjust its reported results based on one-time events such as asset sales. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.
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