Energy Drops After Mixed Earnings — Energy Roundup
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Dow Jones
Shares of energy companies fell after mixed earnings.
Exxon Mobil shares slid after the largest U.S. oil-and-gas producer posted a drop in first-quarter earnings, hit by a slide in natural-gas prices.
Rival Chevron ticked up after its decline in first-quarter profit was not as severe as Wall Street analysts expected.
TotalEnergies said it would buy back $2 billion of shares this quarter after net profit rose in the first three months of the year, beating analysts' expectations.
Shares of refiner Phillips 66 pulled back after it posted first-quarter earnings shy of Wall Street targets.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
April 26, 2024 17:41 ET (21:41 GMT)
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