Exxon’s earnings slump on poor petrochemical, refining results

Exxon’s earnings slump on poor petrochemical, refining results

ExxonMobil reported on Friday fourth-quarter earnings down from a year earlier, as lower natural gas prices and weak chemical and refining margins were not enough to offset cash flow from asset sales in the quarter. Exxon’s Q4 earnings slipped by 5 percent on the year to $5.69 billion, while earnings per common share assuming dilution dropped by 6 […]