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Exxon stock falls as earnings miss on lower natural gas prices and squeezed refining margins

From cnbc.com

Exxon Mobil on Friday reported first-quarter earnings that missed expectations as the industry came under pressure from eroding refining margins and collapsing natural gas prices. Exxon’s stock was down 2.91% in early trading. 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 expected Revenue: $83.08 billion vs. $78.35 billion expected. The nation’s largest oil producer 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 ... (full story)

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  • Category: Fundamental Analysis