The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.

Cotización de las Principales divisas en tiempo real

Cotización de las Principales divisas en tiempo real
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Agenda Macro

Calendario económico en tiempo real proporcionado por Investing.com España.

lunes, 19 de agosto de 2013

Exxon Mobil profit, production and sales fall : Report

Exxon Mobil Corp.'s  second-quarter earnings fell 57% amid weaker refining margins and volume and as the year-earlier period included a net asset-sale gain of $7.5 billion
The world's largest publicly traded oil company is also the largest natural gas producer in the U.S., since its $25 billion acquisition of XTO Energy Inc. in 2010
Exxon has added to its shale-gas assets through additional deals since then, such as its $1.6 billion deal for Denbury Resources Inc.'s Bakken assets last year
Exxon's production has been mostly lower over the past year, turning up modestly during the first quarter after a string of declines
A North American shale-drilling boom has contributed to fluctuations in oil and natural-gas prices that have challenged the sector
However, an abundance of lower price crude has benefited Exxon's refining margins
Exxon Mobil reported a profit of $6.86 billion, or $1.55 a share, down from $15.91 billion, or $3.41 a share, a year earlier
Revenue decreased 16% to $106.5 billion
Analysts polled by Thomson Reuters recently expected per-share earnings of $1.90 and revenue of $105.54 billion
Production decreased 1.9% on an oil-equivalent basis, as oil production and natural-gas output were both lower
Exploration and production operating earnings fell 25% amid higher operating expenses and a year-earlier gain in Angola
The company's refining and marketing business reported operating earnings plunged 76% amid weaker refining margins and a year-earlier gain of $5.3 billion gain associated a restructuring in its Japan business
The company spent $4 billion on stock buybacks during the quarter

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