Saturday, July 30, 2011

Exxon misses, Shell tops in Q2 (Investor's Business Daily)

The world's largest oil company by market cap said Q2 earnings per share climbed 36% on rising gas prices, to $2.18, but missed forecasts by 15 cents. Exxon Mobil's (NYSE:XOM - News) sales grew 36% to $125.5 bil, topping. Royal Dutch Shell's (NYSE:RDSA - News) EPS jumped 57% to $2.32, beating forecasts by 16 cents. Sales spiked 34% to $121.3 bil, on investments in big projects that the company said would drive production growth in coming years. Shell shares rose 7 cents to 73.55. Exxon fell 2.2%.

Source: http://us.rd.yahoo.com/dailynews/rss/energy/*http%3A//news.yahoo.com/s/ibd/20110728/bs_ibd_ibd/579807

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