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What Chevron, Exxon Q1 earnings mean for gas prices

Shares of Exxon Mobil (XOM) and Chevron (CVX) traded lower on Friday as both companies revealed a year-over-year decline in first quarter revenue due to refining margins being lower. Will these reports have an effect at the pump?

Yahoo Finance Reporter Ines Ferré joins Wealth! to break down the potential impact on gas prices and what consumers and investors should keep in mind moving forward.

For more expert insight and the latest market action, click here to watch this full episode of Wealth!

This post was written by Nicholas Jacobino