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.
Exxon Warns of Weaker Q4 Profits Amid Lower Refining Margins
Exxon expects lower-than-expected fourth-quarter profits due to weaker refining margins and a $600 million impairment.
ExxonMobil Warns of Weak Q4 Profits Amid Global Oil Challenges
ExxonMobil's results, scheduled for release on Jan. 31, will serve as a bellwether for the oil industry, offering insights into the broader challenges faced by energy majors. In the third quarter, ExxonMobil posted $8.6 billion in earnings, but the current forecast signals a stark contrast as the company navigates a tough operating environment.
Exxon Mobil's stock falls after warning that lower oil prices will crimp 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.
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 slips after flagging weak fourth-quarter earnings on refining squeeze
Exxon Mobil shares fell nearly 2% in early trading on Wednesday after the top U.S. oil producer warned of a decline in refining profits in the fourth quarter and weak returns across its operations.
ExxonMobil 4Q Earnings to Fall on Lower Oil Prices
ExxonMobil expects falling oil prices to drag on fourth-quarter earnings, while higher gas prices will provide a boost.
Exxon Mobil’s Q4 2024 Earnings Impact Preview
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Exxon Mobil expects fourth-quarter upstream earnings to ease
Exxon Mobil said on Tuesday changes in oil prices would ease its fourth-quarter upstream earnings by $500 million to $900 million. The industry bellwether had posted $6.16 billion in upstream earnings for the third quarter,
Exxon Mobil Corp. stock rises Tuesday, outperforms market
Exxon Mobil Corp. closed $17.59 short of its 52-week high ($126.34), which the company reached on October 7th.
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,
Exxon Predicts $700 Million Hit to Profit From Lower Oil Prices
Exxon Mobil Corp. said earnings took a hit from lower crude prices and narrowing refining margins during the final three ...
Exxon signals weaker performance across the board to hurt Q4 profits
Exxon Mobil signaled on Tuesday that sharply lower oil refining profits and weakness across all its businesses would reduce ...
Goldman Sachs Flags Weak Q4 Guidance For Exxon Amid Weak Upstream And Chemical Results
Goldman Sachs analyst expresses views on Exxon Mobil's Q4 earnings expectations. The company projected impact on upstream ...
Why Exxon Mobil (XOM) Is a Top Dividend Stock for 2025 and Beyond
Looking for a top dividend stock to add to your portfolio as we head into 2025? How about energy giant Exxon Mobil (XOM)? I’m ...
Exxon Mobil sues California Atty. Gen. Rob Bonta over plastic recycling claims
Exxon lawsuit accuses California's attorney general, the Sierra Club and others of defaming the oil giant with negative ...
'Drill, baby, drill' should allow US to 'keep a lid' on oil prices
Oil (CL=F, BZ=F) prices are decreasing, with Exxon Mobil (XOM) and Shell (SHEL) shares ticking down as they respectively cite narrowing refining margins and slowing natural gas (NG=F) sales. On Market ...