ExxonMobil Tumbles To 2-Month Lows After Earnings Miss Worst Analyst Expectation

Friday, July 29, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
Jul 29, 2016

But, but, but the dividend yield, the oil recovery? ExxonMobil is down almost 3% in the pre-market to 2-month lows as it misses earnings expectations drastically (+41c vs 64c exp.. below the lowest expectation of +55c). Production levels also missed expectations as it appears the oil glut has trickled down to motor fuels, dragging refinery margins notably lower.

The Rest…HERE

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