Exxon Mobil (XOM) and Chevron (CVX) reported their first quarter earnings, with both companies revealing a fall in revenue for the quarter compared to the same period last year. However, both companies beat Wall Street expectations for revenue for the quarter. Chevron claims the revenue drop is partly due to lower margins on refined product sales.

Yahoo Finance Reporter Ines Ferre joins The Morning Brief to analyze the latest developments for these companies and what they mean for the stocks moving forward.

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