XOM Stock: Lower Oil Prices Are Dragging Exxon Down
Exxon Mobil (NYSE:XOM) posted strong Q4 2023 earnings on Feb. 2, but shares still fell in pre-market trading. Revenue of 2.48 outperformed predictions of 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 ...