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Exxon Mobil earnings beat even as profit falls on oil price decline

1. Exxon beat Q1 earnings expectations with $1.76 per share. 2. Crude oil prices fell 18% this year, impacting profits. 3. Growth in Permian Basin and Guyana offset lower earnings. 4. $9.1 billion returned to shareholders includes dividends and buybacks. 5. Tariff fears could hinder global oil demand further.

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FAQ

Why Bearish?

Falling crude prices and tariff fears contribute to earnings decline, historically impacting BNO negatively.

How important is it?

The article highlights crucial factors affecting crude prices, directly impacting BNO.

Why Short Term?

Immediate effects on investor sentiment around oil prices and related ETFs like BNO.

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