ExxonMobil: That Wasn’t Good
July 29, 2016 at 12:21 PM EDT
Shares of ExxonMobil ( XOM ) have dropped the most in more than a month after the oil giant reported earnings that missed analyst estimates by a wide margin . Exxon reported a profit of 41 cents a share on sales of $57.7 billion, well below forecasts for earnings of 64 cents a share and revenue of $58 billion. Citigroup's Alastair Syme and Fernando Valle offer their two cents:
