Investing to Wealth

Exxon Mobil (XOM) the world’s largest oil company by market capitalization reported first- quarter earnings that were below analysts’ estimates. This despite rising crude oil prices since last summer. Quarterly earnings came in at $0.92 per share $0.03 below First Call consensus. Revenues fell 45.2% year-over-year to $64.03 billion less than the $54.03 billion analysts were expecting. According to Briefing.com lower crude realizations cut earnings by approximately $4.4 billion while lower natural gas prices ate into that figure by another $400 million.Exxon also saw higher operating expenses which hurt to the tune of $300 billion. Shares fell in today’s session by ...