Investing.com - The world’s largest oil and gas company Exxon Mobil reported better than expected second quarter earnings and revenue figures ahead of Thursday’s opening bell.
Exxon said earnings per share came in at $2.05 in the second quarter, above expectations for earnings of $1.86 per share.
The company’s second quarter revenue totaled $111.64 billion, beating forecasts for revenue of $108.38 billion.
Exxon Mobil Chairman Rex W. Tillerson commented, “ExxonMobil’s financial results were achieved through strong operational performance and portfolio management. We continue to enhance shareholder value by funding capital projects and delivering robust shareholder returns through dividends and share purchases.”
Following the release of the report, Exxon Mobil (NYSE:XOM) shares fell 1.2% in pre-market trade.
Meanwhile, U.S. equity markets pointed to a lower open. The Dow indicated a loss of 0.5%, the S&P 500 pointed to a decline of 0.5%, while the Nasdaq 100 indicated a drop of 0.6%.