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, trade, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of crude oil, natural gas, petroleum products, petrochemicals 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 manufactures, trades and sells petroleum products. The refining and supply operations consists of a global network of manufacturing plants, transportation systems, and distribution centers that provide a range of fuels, lubricants and other products and feedstocks to its customers around the world. The Chemical segment manufactures and sells petrochemicals. The Chemical business supplies olefins, polyolefins, aromatics, and a variety of other petrochemicals.

Premarket

Last Trade
Delayed
$61.60
0.32 (0.52%)
Bid
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Ask
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B/A Size
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Market Hours

Closing Price
$61.28
Day's Change
0.00 (0.00%)
Bid
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Ask
--
B/A Size
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Day's High
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Day's Low
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Volume
(Light)
Volume:
4,188

10-day average volume:
23,847,903
4,188

Freeport-McMoRan's stock falls after profit rises above expectations but revenue comes up a bit shy

8:21 am ET October 21, 2021 (MarketWatch)
Print

Shares of Freeport-McMoRan Inc. (FCX) fell 1.8% in premarket trading Thursday, after the mining company reported third-quarter net profit that soared more than four-fold, while revenue came up short of expectations, as realized copper prices soared but gold prices fell. Net income climbed to $1.40 billion, or 94 cents a share, from $329 million, or 22 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share came to 89 cents, above the FactSet consensus of 81 cents. Revenue grew 58.0% to $6.08 billion, just short of the FactSet consensus of $6.13 billion, as cost of sales increased 23.8% to $3.55 billion. The average realized price per pound of copper rose 39.5% to $4.20, the average realized price per ounce for gold fell 7.6% to $1.76 billion and the average realized price per pound for molybdenum jumped 101.6% to $18.61. The stock has rallied 12.4% over the past three months, while the S&P 500 has gained 4.1%.

-Tomi Kilgore

	

(END) Dow Jones Newswires

October 21, 2021 08:21 ET (12:21 GMT)

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