Investing.com - The world’s largest oil and gas company Exxon Mobil reported weaker-than-expected fourth quarter earnings ahead of Thursday’s opening bell, sending it shares down 1% in pre-market trade.
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Exxon said earnings per share came in at USD1.91 in the fourth quarter, just below expectations for earnings of USD1.92 per share.
The company’s fourth quarter revenue totaled USD110.86 billion, below forecasts for revenue of USD114.70 billion.
Following the release of the report, Exxon Mobil shares fell 1% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets remained higher. The Dow Jones Industrial Average futures indicated a gain of 0.45% at the open, S&P 500 futures pointed to an increase of 0.5%, while the Nasdaq 100 futures indicated a rise of 0.85%.