But, but, but the dividend yield, the oil recovery? ExxonMobil is down almost 3% in the pre-market to 2-month lows as it misses earnings expectations drastically (+41c vs 64c exp.. below the lowest expectation of +55c). Production levels also missed expectations as it appears the oil glut has trickled down to motor fuels, dragging refinery margins notably lower.
- *EXXONMOBIL 2Q EPS 41C, EST. 64C; PRODUCTION MISSES EST.
- *EXXONMOBIL 2Q PRODUCTION 3.96MBOE/D VS EST. 4.1MBOE/D
The market is not happy…
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