Exxon's Profit Took a $1.5 Billion Hit Last Quarter. Is the Oil Stock Still Worth Buying?

Exxon expects that its earnings will decline by $1.5 billion in the second quarter. It expects its earnings to grow meaningfully by 2030, even if crude prices don't improve. The oil giant revealed that it expects its profit to decline by $1.5 billion compared to the first quarter, primarily due to weaker oil and gas prices.