Tom DiChristopher, CNBC Published 9:10 a.m. ET April 26, 2019


Trump administration policies surrounding oil and gas drilling are threatening to kill off endangered species, according to environmentalists. USA TODAY

Exxon Mobil reported on Friday that its first-quarter profits fell nearly 50% from a year ago, hit by poor results in its refining and chemicals segments.

Shares of the Irving, Texas-based oil major were down about 2% in premarket trading. 

Exxon reported a quarterly loss in its downstream business, which focuses on refining oil into fuels like gasoline and diesel. The company said brimming stockpiles of gasoline led to weak fuel margins during the quarter. It also continued a heavy slate