ExxonMobil (XOM) Expects Dip in Q1 Profits Amid Weak Prices

Exxon Mobil Corporation (XOM) has indicated a decline in its first-quarter operating results for 2024.The announcement comes after a period of remarkable profitability, with the company, which is a leading force in the global energy sector, achieving record-breaking profits of $11.4 billion in the first quarter of 2023.However, the latest data suggests a downturn, with operating profits expected to be $6.65 billion, suggesting a decline from the $11.6 billion reported in the first quarter of 2023 and the $7 ...