Exxon Profits Drop, Drag Stock Lower

Zacks.com submits: U.S.energy giant Chevron Corp. (CVX) reported a jump in its first-quarter 2011 profits, benefiting from higher oil prices and stronger refining margins.

ExxonMobil reported its first quarter 2011 earnings today, which came i

By Mel Daris:Exxon Mobil (XOM) resembles an ever-expanding giant octopus with its arms reaching out in various directions, turning whatever it touches into gold. The company recently announced the multi-billion-dollar expansion of its Baytown petrochemical complex.

By Dividend Kings:Exxon Mobil (XOM) released its first quarter 2012 earnings on April 26, and though its earnings missed analyst expectations, the stock still closed the day around $86, 1% higher than its intraday low. An analyst poll shortly before the earnings release predicted earnings per share of $2.10.

Steven Bauer submits: Exxon Mobile Corp. (XOM) has had and continues to have perhaps the best management of all global oil and gas integrated companies. That’s quite a an accomplishment for these big guys. Exxon has nearly recovered to the highs of 2008, and is showing much growth for a giant. It certainly does qualify as a “quality” firm that helps supply energy to the world.

SAP announced lower than forecasted revenues and a decline in the Asian market. Today shares on Japanese market increased 0.73%, despite the weaker performance on Wall Street. May Crude Oil Futures increased by 75 cents or 0.9% to $88.48 a barrel on the Asian market. The owner of Jet2.com airlines, DART Group announced that expects higher profits due to the lower operation costs during this winter.  

By Mel Daris:Exxon Mobil (XOM) has announced a quarterly dividend of $0.57 per share, which is an increase of 21% over the previous dividend of $0.47 a share in February this year.