Exxon Mobil, the world’s largest private oil and gas company headquartered in the US, lost 49 percent of its profits in the first half of 2015 as compared to the same period of the previous year. The company reported earnings of $9.13 billion.
Exxon Mobil’s revenue declined by 34.84 percent to $141.731 billion, while earnings per share fell to $2.17 in the first half of the current year. This compares to earnings of $4.15 per share in the same period one year ago.
Exxon Mobil Corporation announced its estimated second quarter earnings of $4.19 billion, showing a twofold decline as compared to the Q2 2014. Quarterly earnings per share dropped to $1 from $2.05 a year ago. The revenue also plummeted by 33.35 percent to $74.113 billion.
Nevertheless, oil and gas production rose in the second quarter by 11.9 and 3.6 percent accordingly. The company produced 2.3 million barrels of liquids’ volumes per day and 4 million oil-equivalent barrels per day. Profits from crude processing increased twofold.
