XOM - Exxon Mobil's Stock Slides Following Q1 Earnings - Here's Why | Benzinga
Exxon Mobil Corporation (NYSE:XOM) shares are trading lower after the company reported first-quarter FY24 results.
Total revenues and other income stood at $83.083 billion, beating the consensus of $78.352 billion.
Net production stood at 3,784 thousand oil-equivalent barrels per day, vs. 3,831 thousand oil-equivalent barrels per day in the prior-year quarter.
Adjusted net profit came in at $8.22 billion, down from $11.62 billion a year ago due to lower industry refining margins and natural gas prices.
Adjusted EPS stood at $2.06, missing the consensus of $2.20.
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