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