ExxonMobil: EPS down 27% in Q1
The energy group explains this drop in earnings by a decline in industry refining margins and natural gas prices from last year's highs, to within their historic ten-year range.
However, ExxonMobil claims to be making good progress with its plans 'to increase the earnings power of existing businesses by investing in higher-value assets and products, and to further reduce structural costs'.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
Go to the original article.
Contact us to request a correction