What Chevron, Exxon Q1 earnings mean for gas prices

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Exxon Mobil News

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Shares of Exxon Mobil (XOM) and Chevron (CVX) traded lower on Friday as both companies revealed a year-over-year decline in first quarter revenue due to...

) traded lower on Friday as both companies revealed a year-over-year decline in first quarter revenue due to refining margins being lower. Will these reports have an effect at the pump?joins Wealth! to break down the potential impact on gas prices and what consumers and investors should keep in mind moving forward.Momentum is underway for these two Canadian stocks, and yet both still trade at share prices that are quite low given their future growth.

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Exxon Sees Lower First-Quarter Earnings on Commodity Prices, TradingExxon Mobil Corp.’s first-quarter earnings will likely be lower than in the prior three-month period due to falling oil and gas prices as well as a drop in profit from mark-to-market derivatives.
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