Exxon Earnings Jump 55% to $7.4 Billion

Higher demand for petroleum and chemical products, increased oil and gas production and better refining margins helped boost Exxon’s third-quarter earnings. The company beat analysts’ profit expectations, but missed Wall Street…

Exxon Earnings Jump 55% to $7.4 Billion

The oil behemoth reported a third-quarter profit of $7.4 billion due to higher crude oil and natural gas realizations, improved refining margins, and solid chemical results. But Exxon’s results are still nearly halfway below t…

Jobless Claims Drop to a Three-Month Low

Initial jobless claims unexpectedly fell to a three-month low.

Claims dropped 21,000 to 434,000 in the week ending Oct. 23, The Department of Labor said.

The revised figure for the previous week was 455,000.

A survey of analysts by Reuters predic…

Jobless Claims Drop to a Three-Month Low

Initial jobless claims unexpectedly fell to a three-month low.

Claims dropped 21,000 to 434,000 in the week ending Oct. 23, The Department of Labor said.

The revised figure for the previous week was 455,000.

A survey of analysts by Reuters predic…

Dow Chemical Earnings Dip, but Top Estimates

Dow Chemical (DOW) reported its third-quarter net income fell 28% on several one-time charges. Excluding the charges, net income from continuing operations almost doubled, topping analysts’ estimates.
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