Exxon expects reduced Q4 earnings from lower oil prices, refining squeeze
Exxon Mobil (NYSE:XOM) -1.4% in Wednesday's trading after saying its Q4 earnings were hurt by lower crude prices and narrower refining margins, in a sign that the quarter may have been a tough one for the big oil companies.
Exxon Mobil Signals Lower Q4 Earnings. Here’s What Analysts Are Saying.
Exxon Mobil profits will likely miss fourth-quarter-earnings estimates by close to 20%, one analyst argued as he trimmed his numbers. While Exxon Mobil expects changes in gas prices to improve earnings by up to $400 million,
ExxonMobil Says Lower Oil Prices Will Hit Q4 Earnings
ExxonMobil said it expects to take an up to $900 million hit to its upstream earnings in the fourth quarter versus the previous three months amid falling oil prices.
Exxon Mobil’s Q4 2024 Earnings Impact Preview
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Exxon Mobil signals Q4 earnings to drop versus prior quarter
Exxon Mobil signaled on Tuesday that weaker oil prices and refining results would reduce its fourth-quarter earnings by about $1.6 billion from the previous quarter. The oil major also said in an SEC filing that it expects to take impairments in the quarter totaling about $600 million,
Exxon Drops After Warning of Oil, Refining Hit to 4Q Profit
Exxon Mobil Corp.’s shares fell after the company warned its fourth-quarter earnings will take a hit from lower crude prices and narrowing refining margins during the final three months of 2024.
Exxon Mobil warns that lower oil prices and tighter refining margins will weigh on earnings
Exxon Mobil Corp.’s stock fell 1.4% Wednesday, after the oil giant said lower oil prices and pressure on refining margins would weigh on fourth-quarter earnings. Oil prices measured by the U.S. WTI benchmark fell about 6.
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