The company sees change in Liquids (oil) prices negatively impact Q3 earnings by $0.6B to $1.0B and change in gas prices impact Q3 earnings by negative $0.2B to positive $0.2B. In a regulatory filing, Exxon Mobil stated: “To give perspective regarding market and planned factors affecting 3Q 2024 results, we are providing the following summary of items management believes will impact 3Q 2024 results relative to 2Q 2024 results. These factors are generally limited to significant planned activities, market dynamics, and seasonal demand patterns. This is only intended to provide information regarding current estimates of these factors. It is not comprehensive of all changes between 2Q 2024 and 3Q 2024 results and is not an estimate of 3Q 2024 earnings for the Corporation.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on XOM:
- ExxonMobil’s (NYSE:XOM) Q3 Earnings Face Pressure from Falling Oil Prices
- Exxon Mobil’s Q3 Financial Performance Projections
- Crude Oil Closes 5% Higher, Turns Positive for the Year, as Middle East Tensions Rise
- Texas Pacific Land closes acquisition of Permian interests for $286M
- Exxon Mobil price target lowered to $137 from $142 at Barclays
Questions or Comments about the article? Write to editor@tipranks.com