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Exxon Mobil’s Q3 Profit Slips 7%, but Still Beats View (XOM)

Integrated oil behemoth Exxon Mobil Corporation ( XOM ) on Thursday posted a decline in third quarter earnings, although its profit and revenue still beat analysts' forecasts.

The Irving, TX-based company reported third quarter net income of $9.57 billion, or $2.09 per share, compared with $10.33 billion, or $2.13 per share, in the year-ago period.

Revenue fell 7.7% from last year to $115.71 billion.

On average, Wall Street analysts expected a much smaller profit of $1.95 per share, on lower revenue of $112.4 billion.

Exxon Mobil shares fell 69 cents, or -0.8%, in premarket trading Thursday.

Exxon Mobil Corporation ( XOM ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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