Workflow
While ExxonMobil's Profit Is Plunging, Its Strategy Could Pay Big Dividends in the Coming Years
XOMExxonMobil(XOM) The Motley Fool·2024-04-28 11:46

Exxon has multiple catalysts to drive robust earnings growth through 2027.ExxonMobil (XOM -2.78%) recently reported rather lackluster first-quarter earnings. The oil giant's adjusted earnings declined by 29% to $8.2 billion, or $2.06 per share. That fell a bit short of the analysts' consensus estimate of $2.19 per share. The energy giant battled headwinds from lower natural gas prices and refining margins. However, while the first quarter was a little underwhelming, ExxonMobil's future remains bright. Here' ...