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Exxon reported earnings of $6.57 billion, or $1.56 per share, down from $8.35 billion, or $1.91 per share, last year. On average, analysts expected to see EPS of $1.34.
Revenue fell to $87.28 billion from last year’s $110.86 billion. Analysts expected to see revenue of $87.58 billion.
While Exxon has a decent dividend yield around 3%, there is still a high amount of risk for the stock as estimates could continue to be trimmed. Investors may consider avoiding the energy battle and look elsewhere rather than investing in the embattled energy space.
|VTSMX||Vanguard Total Stock Market Index||1.69%|
|VFINX||Vanguard 500 Index||1.08%|
|FUSEX||Fidelity Spartan 500 Index||0.46%|
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