Exxon earnings miss, hit by lower natural gas prices and squeezed refining margins

An Exxon gas station is seen on October 06, 2023 in the Brooklyn borough of New York City.Exxon Mobil on Thursday reported first-quarter earnings that missed expectations as the industry came under pressure from eroding refining margins and collapsing natural gas prices.Here is what Exxon reported for the first quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: $2.06 vs. $2.20 expectedRevenue: $83.08 billion vs. $78.35 billion expected.The nation ...