Exxon Mobil Corp
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Energy : Oil, Gas & Consumable Fuels | Large Cap Value
Company profile

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products. The Company's segments include Upstream, Downstream, Chemical, and Corporate and Financing. The Upstream segment operates to explore for and produce crude oil and natural gas. The Downstream operates to manufacture and sell petroleum products. The Chemical segment operates to manufacture and sell petrochemicals. The Company has exploration and development activities in projects located in the United States, Canada/South America, Europe, Africa, Asia and Australia/Oceania.

Postmarket

Last Trade
Delayed
$34.28
0.0033 (0.01%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$34.28
Day's Change
-1.03 (-2.92%)
Bid
--
Ask
--
B/A Size
--
Day's High
35.11
Day's Low
33.99
Volume
(Light)
Volume:
20,290,538

10-day average volume:
29,377,504
20,290,538

UPDATE: Francesca's Q2 sales down 50%, says pandemic raises doubt about ability to continue as 'going concern'

7:57 am ET June 18, 2020 (MarketWatch)
Print

Francesca's Holdings Corp. shares (FRAN) rose 14% in premarket trade Thursday after the specialty retailer said it's seeing some bright spots after reopening 593 of its 703 boutiques as states lift restrictions on movement imposed during the coronavirus pandemic. However, the Houston-based company said second-quarter sales are down 50% to $43.8 million and the crisis is hurting results, cash flows and disrupting its supply chain. The resulting impact "continues to raise substantial doubt about its ability to continue as a going concern," the company said in a statement. "Management continues to take aggressive and prudent actions to reduce expenses to preserve cash on hand." Chief Executive Andrew Clarke said about half of the company's furloughed workers have been recalled and the company will continue to reopen boutiques as local mandates are lifted. The retailer had about $21 million in cash as of June 12, up from $14.3 million as of May 2. The company expects to delay the filing of its 10-Q for the quarter. Shares have fallen 65% in the year to date, while the S&P 500 has fallen 4%.

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

June 18, 2020 07:57 ET (11:57 GMT)

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