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$XOM 2Q15 PR: Upstream earnings were $2Bil, down $5.9Bil from 2Q14. Downstream earnings were $1.5Bil, up $795MM from 2Q14. Downstream and Chemical segment earnings increased significantly from 2Q14, driven by higher margins, continued strong demand, and the quality of the company’s product and asset mix. Produced 4MM oil-equivalent barrels per day.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.