“Exxon profit drops 28%, falls short of estimates”
April 26, 2024
” Exxon Mobil Corp on Friday missed analysts’ estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains… Profit per share fell 6% shy of Wall Street analysts’ consensus, according to LSEG estimates…
Exxon’s capital spending last quarter was the lowest in seven quarters and its streamlining of operations expanded what it calls structural cost savings by $400 million. It added $1.7 billion in cash last quarter to end the period with $33.3 billion…”
https://finance.yahoo.com/news/exxon-misses-q1-profit-despite-103000851.html