Quarterly / Earnings Reports | Second Quarter (2Q) Update | Financial Results | Capital Markets
Despite Earnings Increasing 100% YOY, Exxon Falls Short of Expectations
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Exxon reported its Q2 2017 financial results, including earnings of $3.4 billion (up +100% from $1.7 billion in Q2 2016).
Despite doubling its earnings, the company still fell short of expectations. Upstream volumes declined 1 percent to 3.9 MMBOEPD compared with a year ago largely due to lower entitlements. Also, capital and exploration expenditures were $8.1 billion, down 21 percent from 2016.
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