Exxon Mobil Corporation (NYSE: XOM ) early Friday posted mixed first quarter earnings results, as it continues to navigate through one of the largest downturn in oil prices in history.
Written by StockNews.com
The Irving, TX-based integrated oil behemoth reported Q1:
Darren W. Woods, Chairman & CEO commented as follows:
“Our results reflect an increase in commodity prices and highlight our continued focus on controlling costs and operating efficiently.
We continue to make strategic acquisitions, advance key initiatives and fund long-term growth projects across the value chain.”
…Year-to-date, XOM had declined -9.15% prior to today’s report, versus a +7.21% rise in the benchmark S&P 500 index during the same period.
XOM currently has a StockNews.com POWR Rating of C (Neutral) and is ranked #27 of 103 stocks in the Energy – Oil & Gas category.
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