Exxon Profit Drops 51%, Chevron 90% On Low Oil Prices

ExxonMobil (XOM) and Chevron (CVX) reported mixed second-quarter results Friday as oil prices stay down nearly 50% from a year ago. Exxon's Q2 earnings fell 51% to $1 per share, less than the $1.11 per share analysts polled by Thomson Reuters were expecting. Revenue fell 33.6% to $74.11 billion, better than views for $72.5 billion. "Our quarterly results reflect the disparate impacts of the current commodity price environment, but also demonstrate the strength of

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