Exxon Misses Earnings Estimate With 56% Profit Decline ...Middle East

ExxonMobil (NYSE: XOM) missed analyst forecasts as it reported on Friday 56% lower earnings for the second quarter amid lower natural gas prices and weaker refining margins. Exxon reported on Friday second-quarter 2023 earnings of $7.9 billion, or $1.94 per share assuming dilution. This was down from a record $17.85 billion profit for the second quarter of 2022 when oil and gas prices surged after the Russian invasion of Ukraine. Exxon’s earnings per share for the second quarter this year missed the analyst consensus estimate of $2.03 EPS…

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