Exxon stock falls as earnings miss on lower natural gas prices and squeezed refining margins [MSNBC.com]
Exxon Mobil Corporation (XOM)
Last exxon mobil corporation earnings: 5/1 07:34 am
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Source: MSNBC.com
An Exxon gas station is seen on October 06, 2023 in the Brooklyn borough of New York City.Michael M. Santiago | Getty ImagesExxon MobilExxon's stock was down less than 1% in early trading.Here is whatExxon reported per share: $2.06 vs. $2.20 expectedThe nation's largest oil company reported net income of $8.22 billion, or $2.06 per share, a 28% decrease from earnings of $11.43 billion, or $2.79 per share, in the same period a year ago.Oil is up more than 16% this year and gasoline futures have surged nearly 32%, but the rally has done little to lift the Exxon's fortunes due to headwinds elsewhere in the industry. Natural gas prices have plummeted 37% this year, and refining margins are lower than they were a year ago.Chevronsimilar issuesRevenue beat expectations, coming in at $83.08 billion, but was lower than a year ago, when the company reported $86.56 billion.Exxon's fuel business saw earnings plummet 67% to $1.38 billion, compared with $4.18 billion in the prior year, due to refi
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XOM
Earnings
- 4/26/24 - Miss
XOM
Sec Filings
- 5/6/24 - Form PX14A6G
- 5/6/24 - Form 3
- 5/3/24 - Form S-8
- XOM's page on the SEC website