On Friday, Shares of Exxon Mobil Corporation (NYSE:XOM), lost -4.58% to $79.21, hitting its lowest level.
Exxon Mobil Corporation declared estimated second quarter 2015 earnings of $4.2 billion, or $1 per diluted share, contrast with $8.8 billion a year earlier. Higher Downstream and Chemical earnings were more than offset by the impact of weaker Upstream realizations and lower asset administration gains.
ExxonMobil produced 4 million oil-equivalent barrels per day, an enhance of 139,000 barrels per day, or 3.6 percent. Liquids volumes of 2.3 million barrels per day raised 11.9 percent, benefiting from new developments in Angola, Canada, Indonesia and the United States.
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania.
Shares of Alibaba Group Holding Limited (NYSE:BABA), declined -2.03% to $78.34, during its last trading session.
Yahoo! Inc. Senior Vice President Jacqueline Reses has stepped back from corporate development to focus on the company’s multibillion-dollar spinoff of its stake in Alibaba Group Holding Ltd., according to a person with knowledge of the matter, according to Bloomberg.
Reses, a trusted adviser to Chief Executive Officer Marissa Mayer, is devoting her time to ensuring the spinoff’s operational details are handled properly, said the person, who asked not to be identified because the matter is private. Senior Vice President Ian Weingarten, who oversees partnerships, has taken on corporate development duties counting acquisitions, the person said. Bloomberg Reports
Reses’s shift in focus highlights the importance of the accord, stated under pressure from Starboard Value LP and other investors to return cash to hosters. Mayer has depended on the stake, worth about $31 billion, to buoy Yahoo’s stock price as she struggles to turn about the Web portal’s underlying business.
BABA Gross Margin is 68.70% and it has a return on assets of 10.50%. Alibaba Group Holding Limited (NYSE:BABA), quarterly performance is -3.49%. The company holds the market capitalization of 196.82B.
Alibaba Group Holding Limited, through its auxiliaries, operates as an online and mobile commerce company in the People’s Republic of China and internationally. It operates Taobao Marketplace, an online shopping destination; Tmall, a third-party platform for brands and retailers; Juhuasuan, a group buying marketplace; Alibaba.com, an online wholesale marketplace; Alitrip, an online travel booking platform; 1688.com, an online wholesale marketplace; and AliExpress, a consumer marketplace.
Finally, Chevron Corporation (NYSE:CVX), ended its last trade with -4.89% loss, and closed at $88.48, hitting its lowest level.
Chevron Corporation, stated earnings of $571 million ($0.30 per share – diluted) for second quarter 2015, contrast with earnings of $5.7 billion ($2.98 per share – diluted) in the 2014 second quarter. Comprised of in the quarter were impairments of $1.96 billion and other charges of about $670 million regarding project suspensions and adverse tax effects, all of which were non-cash charges stemming from a downward revision in the company’s longer-term crude oil price outlook. Partially offsetting were gains on asset sales totaling $1.80 billion in the current quarter. Foreign currency effects reduced earnings in the 2015 quarter by $251 million, contrast with a decrease of $232 million a year earlier.
Sales and other operating revenues in second quarter 2015 were $37 billion, contrast to $56 billion in the year-ago period.
Chevron Corporation, through its auxiliaries, engages in the petroleum, chemicals, and power and energy operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and re-gasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, in addition to holds interest in a gas-to-liquids plant.
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