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XOM Stock: Lower Oil Prices Are Dragging Exxon Down
埃克森美孚埃克森美孚(US:XOM) InvestorPlace·2024-02-02 21:09

Exxon Mobil (NYSE:XOM) posted strong Q4 2023 earnings on Feb. 2, but shares still fell in pre-market trading. Revenue of 84.3billionmissedexpectationsbyjust184.3 billion missed expectations by just 1%, and the company’s earnings per share of 2.48 outperformed predictions of 2.21by122.21 by 12%.Energy trading was particularly noteworthy. The Houston-based firm posted a 1.14 billion gain from its trading arm, offsetting a $410 million profit reduction from declining oil prices. This performance is noteworthy considering Exxon’s relatively cautious ...