ExxonMobil (XOM) Q1 Earnings Miss Estimates, Revenues Fall Y/Y

Exxon Mobil Corporation (XOM) reported first-quarter 2024 earnings per share of $2.06 (excluding identified items), which missed the Zacks Consensus Estimate of $2.19. The bottom line also declined from the year-ago level of $2.83.Total quarterly revenues of $83,083 million missed the Zacks Consensus Estimate of $86,599 million. The top line also deteriorated from the year-ago quarter’s figure of $86,564 million.Weak quarterly results primarily resulted from lower realizations of natural gas prices and decr ...