ExxonMobil fears a continuous decline in profit, earnings are expected to fall short of market expectations

Earnings per share (EPS) will be around 1.50-2.40 dollars, which is lower than most expectations of 2.30 dollars.

ExxonMobil stated in its filings that the company's upstream division's performance is sluggish due to falling natural gas prices and refining margins, and there is a possibility that business performance will be hit.

Analysts at RBC Capital Markets said the decline in refining margins was “as expected,” and added that “gasoline price shocks and Pioneer's revenue contributions were worse than expected.”