Exxon earnings beat estimates as production growth softens impact of lower oil prices

The second quarter results now out from Exxon Mobile. Earnings came in at $164 a share. That was better than estimates of $1.54%.Revenue came in at 81.5% billion dollars. Cash from operations of 11.5% billion came in below estimates, but the uh earnings were higher than expectations because again you saw higher production. This was the same story that we just saw with Chevron where higher production made up for low oil lower oil prices particularly in a position where a lot of those are high margin barrels. ...