ExxonMobil Stock Slips as Profit Falls Short of Estimates
ExxonMobil(XOM) Investopedia·2024-04-26 13:45
Key TakeawaysExxonMobil shares fell in early trading Friday as the company posted larger profit declines than analysts expected.Lower natural gas prices and slimmer margins on refined products impacted the company's margins, but higher-than-expected production from investments like Exxon's operations in Guyana helped boost revenue.Another oil and gas giant, Chevron, also reported earnings Friday and saw its stock slip. Shares of ExxonMobil (XOM) slipped in early trading Friday as the oil and gas giant repor ...