Why Did Exxon Mobil (XOM) Plunge 4.09% on Earnings Warnings?

On April 4, 2025, Exxon Mobil's stock price dropped by 4.09% in pre-market trading.

Exxon Mobil has announced that changes in industry profit margins will result in a decrease of $0.1 billion in chemical product earnings for the first quarter compared to the fourth quarter. Additionally, the company expects a reduction of $3 billion to $7 billion in energy product earnings for the first quarter compared to the fourth quarter. These projections are based on the company's assessment of market conditions and operational performance.

Exxon Mobil, founded in 1882 in New Jersey, is a leading player in the energy sector, with operations spanning the exploration and production of oil and gas, the manufacturing of petroleum products, and the transportation and sale of oil, gas, and petroleum products. The company is also a major producer and seller of commodity petrochemical products, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products. Exxon Mobil's subsidiaries are involved in extensive research projects to support these businesses.