Exxon Mobil Beats Expectations Despite Falling Oil Prices
Exxon Mobil’s first-quarter earnings beat analyst expectations despite a 6% decline in profits due to weaker oil prices. The company reported revenue of $83.13 billion, slightly higher than last year’s $83.08 billion. Production growth and cost-cutting measures largely offset the negative impact of falling oil prices. Exxon’s global production business posted a 19% increase in … Read more