Exxon Mobil Corp. and Chevron Corp., failing to capitalize on a more than 50 percent rise in oil prices since June, spurred the wrath of investors by missing fourth-quarter estimates on both earnings and output.
Exxon took the worst hit, plunging 5.8 percent to $83.86 in New York trading at 1:00 p.m., making them the second-worst performer in the S&P 500. Earlier, the shares fell to $83.87, the company’s biggest intraday decline for two years. Chevron dropped 4.2 percent.
Brazil Energy Insight 
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