Energy giants Exxon Mobil (XOM) and Chevron (CVX) are experiencing divergent stock performance after releasing their first quarter earnings reports. Both companies faced challenges from lower natural gas prices and narrowing refining margins, impacting their profits in the first quarter.
While Chevron managed to surpass expectations on adjusted earnings per share, leading to positive stock performance, Exxon Mobil has seen a decline in its stock value. Yahoo Finance’s Jared Blikre and Julie Hyman provide insights into each company’s financial performance and how it has impacted their share prices.
Investors looking for more expert insight and the latest market action can watch the full episode of Market Domination for in-depth analysis. Stay informed with KP Insider for all the latest news and updates on the energy sector and more.
Written by Angel Smith, KP Insider keeps you up-to-date on the latest trends and developments in the world of finance and business. Stay ahead of the game with KP Insider.
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