ExxonMobil reported Q1 earnings of $8.2bn, a 26-28% decrease from last year, but beat expectations with $10.1bn in free cash flow.
ExxonMobil (XOM -0.02%) reported Q1 earnings of $8.2bn, a decrease of 26-28% from last year, but beat analysts' expectations by generating $10.1bn in free cash flow. The company reduced capital spending by 8.5% but still returned $6.8bn to shareholders via share repurchases and dividends. CEO Darren Woods emphasizes the company's long-term potential, making ExxonMobil a favorable long-term buy.
May 09, 2024
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