Exxon shares slip as Q1 earnings falls short of analyst estimates
For the first quarter, the adjusted earnings per share was $2.06, compared to $2.83 year-over-year, and below the consensus projection of $2.21. Revenue stood at $83.08 billion, above the estimated $78.31 billion.
Looking ahead, Exxon still projects its capital expenditures to be between $23 billion and $25 billion for the year, compared with analysts' estimate of $23.97 billion. “In Product Solutions, our strong turnaround performance on cost and schedule helped drive record first-quarter refining throughput,” he added.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chevron and Exxon Race to Scale Up Carbon Capture and Storage in the U.S.Chevron, Exxon, Baker Hughes and SLB are racing to scale up carbon capture and storage across the U.S. as the world races to reach net-zero emissions by 2050. The oil and gas industry is betting that carbon capture and storage will serve a large market of heavy industries like cement and steel that have few good options right now to slash emissions. A paper mill in a small Mississippi town could help demonstrate whether capturing carbon dioxide emissions and storing it deep underground is a viable path to fight climate change.
Read more »
Here are Wednesday's biggest analyst calls: Nvidia, Tesla, Exxon, Coinbase, Cava, Alphabet, Amazon, Block & moreHere are Wednesday's biggest calls on Wall Street.
Read more »
In 'Brazen Wealth Transfer', Exxon and Chevron Pay Out Record Sums to ShareholdersOlivia Rosane is a staff writer for Common Dreams.
Read more »
California to wrap up Exxon plastics probe 'in weeks', AG saysCalifornia to wrap up Exxon plastics probe 'in weeks', AG says
Read more »
Exxon, Chevron Go Head-To-Head for Title of 'Geopolitical Safe-Heaven' TomorrowStocks Analysis by Investing.com (Damian Nowiszewski) covering: Chevron Corp, Exxon Mobil Corp, Brent Oil Futures, Crude Oil WTI Futures. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
Read more »
After Exxon and Chevron, this is Citi's pick for the next large oil M&A dealAfter Exxon and Chevron, this is Citi's pick for the next large oil M&A deal
Read more »