Exxon's (XOM -1.1%) headline earnings beat isn't holding up to investor scrutiny, as shares...

|About: Exxon Mobil Corporation (XOM)|By:, SA News Editor

Exxon's (XOM -1.1%) headline earnings beat isn't holding up to investor scrutiny, as shares slide on concerns about declining production, lower profits and a reduction in money set aside for share buybacks. Earnings for XOM’s bread and butter upstream E&P business were lower. The earnings beat was mostly focused in the corporate segment with modest outperformance from operational segments.