Exxon shares slip as Q1 earnings falls short of analyst estimates

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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.

 

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