XOM 57% YOY EPS decline vs Shell 57 percent fall in Q2 earning ?? XOM -1.09% vs Shell -5.16% :WHY???
Exxon Mobil, the largest American oil producer, posted a 57 percent year-over-year earnings decline.
Exxon Mobil reported second-quarter earnings of $6.9 billion, down 57 percent from the same period in 2012
Royal Dutch Shell PLC reported a 57 percent fall in second quarter earnings due to impairment charges, lower production and higher costs.
Net profit was $1.74 billion, down from $4.08 billion in the same period a year ago, in part because of a $2.2 billion impairment charge on its shale oil assets in North America.
Exxon Mobil Corporation (XOM) -NYSE
92.73 Down 1.02(-1.09%) ???
Royal Dutch Shell plc (RDS-B) -NYSE
67.21 Down 3.66(-5.16%) ????