Exxon stock dips after quarterly profits miss expectations

ExxonMobil shares dipped Friday morning after the oil giant reported first-quarter revenue and profits that missed analysts' expectations, CNBC reports.

By the numbers: Revenue came in at $63.63 billion against the $64.82 billion that had been forecast, while earnings were at 55 cents per share against an expected 69 cents per share. Those profits were down nearly 50% from its 2018 Q1 profits.

Boeing CEO says company will have to "re-earn" public trust

The body of a Boeing 737 MAX airplane at the Boeing Renton Factory. Photo: Jason Redmond/AFP/Getty Images

After Boeing's first earnings report since the second deadly 737 MAX crash, Dennis Muilenburg said Wednesday his top priority was the aircraft's "safe return of service" after a global grounding, and admitted the company will have to "earn and re-earn the trust of the flying public."

Between the lines: In his first extended comments since March's Ethiopian Airlines crash, Muilenberg gave no new updates on the aircraft's flight control software fix or new guidance on when the 737 MAX will be back in service. The company said it will take a $1 billion hit for the the global grounding of its biggest cash machine.