Why ExxonMobil is Getting Hammered..and Why It’s Time to Buy

Shares of ExxonMobil (XOM) have dropped more than 4% after releasing its earnings today. Citigroup’s Alastair Syme and Fernando Valle explain why: Luke Sharrett/Bloomberg News ExxonMobil 2Q15 adjusted EPS of $0.88/share was well below consensus and Citi estimates. Upstream results were lower than expected, with both volumes and margins below estimates. US Upstream was particularly weak [...]