“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.