Trouble in the Oil Patch: Exxon Shares Down 5% After Big Earnings Miss

  Shares of Exxon Mobil (XOM), the world’s largely publicly traded integrated energy company, were down 5.2% on Friday morning after the company reported fourth-quarter earnings that were 15 cents shy of Bloomberg’s estimate. Despite rising oil prices in recent months that have boosted the company’s lagging share price, the company was hurt by falling […]
Source: Barrons

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