Exxon Drops 2%; Production Decline Overshadows Earnings Beat

Normally, when a company reports better-than-expected earnings it’s shares climb higher. Not in the case of Exxon Mobil (XOM). The world’s largest energy company was one of the biggest decliners on the Dow Jones Industrial Average, falling 2.18% to $101 after reporting oil and natural gas production declined to the lowest level in almost five years. [...]