Exxon Mobil profit declines in 1st quarter as natural gas prices fall
Friday, 26 April 2024 () Exxon Mobil’s profit declined in its first quarter as natural gas prices fell and industry refining margins dropped. The energy company earned $8.22 billion, or $2.06 per share for the three months ended March 31. A year earlier it earned $11.43 billion, or $2.79 per share. The results didn’t meet Wall Street expectations, but Exxon does not adjust its reported results based on one-time events such as assets sales. Analysts polled by Zacks Investment Research were expecting earnings of $2.19 per share.
Friday, 26 April 2024 ()
