Exxon Mobil's stocks are expected to decrease for financial year 2015, CNBC analyst Jim Cramer revealed during a recent interview featured on the channel's "Squawk On The Street" program.
"They're cutting back the buyback," he said.
"I think this is a bad call. Everyone has to worry about their dividends ... but what does it say? To me, it says, 'Hey listen guys, the stock's going to go lower."
The company also announced on Monday that its quarterly profit fell 21 percent given low oil prices. However, Exxon was nonetheless able to receive tax benefits that helped keep it financially stable.
Recent drops in crude oil prices have affected a number of companies aside from Exxon, including Texaco and Chevon.
"If you get a V-shaped recovery like a lot of people are counting on every time the futures go up, you see what Chevron [and] Exxon said and you say, 'Wow, I'm too bullish,'" Cramer also said during his interview.
"'Because those guys who really know the business [would be] loading up if they felt it was the bottom.' They're obviously scaling back."
Chevron recently announced that it would be abandoning its shale natural gas venture in Poland, given environmental and political implications. The company has been largely focused on its shale rock resources in the United States.
