Exxon Mobil (XOM) reported net income slipped by 58 percent in the quarter as oil prices and demand dropped sharply. The results of 92 cents earnings per share missed analysts' expectations of 96 cents.
Dow Chemical (DOW) reported its quarterly profit fell 97 percent as its sales dropped 39 percent on weak demand for its products and falling energy prices. But excluding charges Dow earned 12 cents per share during the period, handily beating expectations of a loss of 21 cents per share according to Thomson Reuters. Shares jumped nearly 14 percent in premarket trading.