Exxon Mobil has difficult 1st quarter
Exxon Mobil struggled just about everywhere in the first quarter.
It produced less oil and natural gas. Profits dropped at its chemical plants and U.S. refineries. And its overall net income fell 11 percent, the first decline in quarterly earnings since late 2009.
America’s largest energy company earned $9.45 billion, or $2 per share — short of Wall Street expectations and below the $10.7 billion, or $2.14 a share, it earned a year earlier. Revenue rose 8.8 percent to $124.1 billion, but that also fell short of analysts’ forecasts.
