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Oil and natural gas company $XOM reported a 59% dip in 2Q16 earnings due to sharply lower commodity prices, weaker refining margins and continued strength in the Chemical segment. Net income fell to $1.7Bil or $0.41 per share from $4.19Bil or $1.00 per share last year. Total revenue dropped to $57.69Bil from $74.11Bil.
$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.