What Exxon, Chevron Q1 earnings mean for the energy sector

b7e4cc20 0404 11ef adff 1183b9cf802b


Energy giants Exxon Mobil (XOM) and Chevron (CVX) are experiencing divergent stock performance following the release of their respective first quarter earnings reports today. Both companies faced headwinds from lower national gas prices and narrowing refining margins, which put pressure on their first quarter profits. However, Chevron managed to surpass expectations on adjusted earnings per share.

Yahoo Finance’s Jared Blikre and Julie Hyman discuss each company’s first quarter earnings report, providing insights into how their financial performance is impacting share prices.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Angel Smith



This article was originally published by a finance.yahoo.com

Read it HERE

Share

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *