How ExxonMobil's Q2 Earnings Reflect the Best and Worst of the Top Oil Company
Anyone who was expecting a good second quarter from energy giant ExxonMobil (NYSE: XOM) was fooling themselves, especially after fellow oil supermajor Royal Dutch Shell (NYSE: RDS.A) (NYSE: RDS.B) reported dismal earnings just a few days prior. Unfortunately, ExxonMobil wasn't even able to clear that bar, posting a $1.1 billion loss and zero cash flow -- none! As bad as it was, Q2 results did highlight ExxonMobil's strengths, as well as the challenges it needs to address.
