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The largest US oil company ExxonMobil in the second quarter increased its net profit by 18% year-on-year to $3 billion 950 million. Earnings per share were 92 cents, while analysts had predicted $1.5 per share. Revenue reached 73.5 billion dollars, increased by 26.5%. Analysts had expected the figure at 74 billion 150 million dollars. The company reduced hydrocarbon production by 7% to 3 million 647 thousand barrels per day. Total capital costs and exploration costs increased by 69% year-on-year to $6,630 million. Profit in the upstream sector increased by 1 billion 860 million dollars. At the same time, profits from oil refining have almost halved.
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
The National Bank of Canada and Scotiabank reported acceptable second-quarter results on Tuesday. Both banks surpassed analysts’ estimates even though their respective profits suffered from loan-loss provisions due to the novel coronavirus ...
Japan’s Nintendo Co Ltd is posed to rally further, sustaining its decade-high earnings streak. The positive record is expected next week as sales of the recently-released gaming console Switch surged amid quarantine restrictions. Nintendo’s ...
KYC Policy