“It was a big miss for the world’s biggest publicly traded oil company,” Jim Jelter reports for MarketWatch.
“Exxon Mobil Corp. posted its smallest profit Thursday since October 2010,” Jelter reports. “Behind the numbers lurk weak global energy markets, lower profit margins at the pump, rising exploration and drilling costs, and continued downward drift in production volumes.”
Currently, Exxon Mobil Corporation (XOM) is down $1.29, or -1.38%, to $92.46 pegging the company’s market value at $411.11, dropping below Apple Inc. (AAPL) which is up $2.86, or +0.63%, to $455.39 for a market value of $413.72 billion.
Of course this news will make front-page all over the place.
It will only make the news if/when XOM regains the title.
Don’t worry. Wall Street will fix this shortly!
Even with it’s stock beaten down more than 35% 😎
Has anyone else noticed that Apple’s stock price is going up. Is there something wrong at Wall Street or are they on holiday or something like that.
I think its a matter of the cynics realising tat the company isn’t going to disappear over night after all without SJ running everything from new product down to ordering toilet cleanser even if times are tougher. Give em another decade and they may accept that they are actually here to stay. Meanwhile MS disappears up its own ass but still manages to be a buy in most analysts opinions.
The Wall Street talking heads are thinning out as there are cuts in the bonuses and personnel. I am sure as soon as Samsung … I mean their research team researches a little more (reads their tweets and blogs) they will get back to bashing Apple until Apple starts paying the extortion money … I mean pays for advertising again!
And no one at MDN will give a shit, cuz there’s an “Obamaphone” thread going ont. . .
Best news I’ve heard all month. The sooner the world is rid of Exxon, the better off we’ll all be.
Yeah, and of course you don’t own a car, eat food delivered by truck or ever take a cab, else you’d be a hypocrite