Exxon (XOM) Doesn’t Cut It

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ExxonMobil’s (XOM) second quarter net income was $10,260 million. Earnings per share were up 6% from the second quarter of 2006  But, earnings of $1.83 were below Wall St. forecasts of $1.96.

Revenue fell to $98.3 billion from $99.03 billion

According to MarketWatch: The oil and gas giant said lower natural gas prices were "mostly offset" by higher refining, marketing and chemical margins.

Douglas A. McIntyre