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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.
ExxonMobil Says Lower Oil Prices Will Hit Q4 Earnings
KEY TAKEAWAYS ExxonMobil said it expects to take an up to a $900 million hit to its upstream earnings in the fourth quarter versus the previous three months amid falling oil prices.Lower liquids prices are set to bring down its upstream earnings by between $500 million to $900 million in the fourth quarter of 2024 compared with the third quarter.
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 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.
20m
No injuries reported in Hennessey gas plant fire
Roads were closed and residents in Hennessey were evacuated Sunday morning after the Mustang Gas Plant caught fire.
5d
Exxon Sues California Official, Claiming He Defamed the Company
The lawsuit, an unusual strategy for the oil giant, comes after California’s attorney general sued Exxon last year alleging ...
2d
Canada's Imperial Oil says senior executive to leave for Exxon Mobil
Canadian oil refiner Imperial Oil said on Friday senior executive Sherri Evers will join major shareholder Exxon Mobil , ...
4d
Goldman Sachs Flags Weak Q4 Guidance For Exxon Amid Weak Upstream And Chemical Results
Goldman Sachs analyst Neil Mehta expressed views on Exxon Mobil Corporation‘s (NYSE:XOM) trading update reported yesterday.
6d
Exxon Sues California AG, Environmental Groups Over ‘Smear’
Exxon Mobil Corp. filed a lawsuit alleging that California Attorney General Rob Bonta and several environmental groups made ...
6d
Exxon sues California AG, environmental groups over attacks on recycling efforts
Exxon Mobil filed a lawsuit on Monday against California Attorney General Rob Bonta and several environmental groups, court ...
4d
Exxon's Earnings Bombshell: Profits Set to Miss Big
Exxon's Q3 profits were already down 5% year-over-year, and Chevron ( NYSE:CVX) took an even bigger hit, with a 21% drop in ...
5d
on MSN
Exxon Mobil Corp. sues California attorney general for defamation over plastic recycling claims
Exxon Mobil Corp. has filed a federal defamation lawsuit against California Attorney General Rob Bonta and several ...
5d
on MSN
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 ...
Grist on MSN
5d
California and environmental groups sued Exxon over plastics. Now Exxon is striking back.
In a retaliatory lawsuit, Exxon says claims against it are motivated by “sordid for-profit incentives and outright greed.” ...
4d
Wall Street cuts Exxon earnings views after fourth-quarter snapshot
Analysts on Wednesday lowered their fourth-quarter earnings estimates for Exxon Mobil , the day after the top U.S. oil ...
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