Exxon (XOM) Price Falls In the Wake Of Declining Energy Prices
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Summary:
- Exxon price slumps.
- Falling energy prices lower Exxon earnings expectations.
Energy producer Exxon
Exxon (XOM) share price declined during Tuesday’s trading day in the wake of declining energy prices which offset the forecast for the energy and oil giant, which gave markets expectations for a record surge in their profits for the second quarter. Exxon updated the SEC late on Friday last week indicating their operating profits were likely to rise by $7.4 billion from the 3 months ending in March, where the recorded profits came in at $8.8 billion. The formal second quarter earnings report from Exxon is due on July 30th.
XOM Price Chart
Sources: finance.yahoo.com, thestreet.com
