Exxon Mobil's 2Q profit down 66 pct
Exxon Mobil Corp., the largest oil company in the world, said today its second quarter profit declined 66 percent as crude oil and natural gas prices plunged compared to a year ago. Exxon's 2Q net income was $3.95 billion or 81 cents per share down from $11.68 billion or $2.22 per share a year earlier.
Shell's 2Q net profit falls 70 percent
Royal Dutch Shell Plc, the world's second largest oil firm by market value (non government controlled) reported a decline of 70 percent for its net profit during the second quarter. The firm cited lower oil prices and refining margins.
NRG Energy posts 2Q net income higher than expected
NRG Energy Inc. reported a net income of $433 million or $1.56 a share on the second quarter, compared with $127 million or 48 cents a share last year. The firm attributed the higher than expected results to the acquisition of Reliant Energy's Texas retail business.