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Exxon Mobil stock slides 3% premarket after fourth-quarter revenue lags consensus

Exxon Mobil stock slides 3% premarket after fourth-quarter revenue lags consensus

Exxon Mobil Corp. shares slid 3% in premarket trade Tuesday, after the oil giant’s fourth-quarter revenue fell short of estimates. “While our results clearly benefited from a favorable market, the counter-cyclical investments we made before and during the pandemic provided the energy and products people needed as economies began recovering and supplies became tight.,” CEO Darren Woods said in a statement.