Exxon Predicts $700 Million Hit to Profit From Lower Oil Prices [Yahoo! Finance Canada]
Exxon Mobil Corporation (XOM)
Last exxon mobil corporation earnings: 5/1 07:34 am
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Oil prices lowered earnings at Exxon's production division by about $700 million while refining margins reduced profit by a further $500 million compared with the third quarter, Exxon said in a statement Tuesday. Natural gas prices provided a lift of about $200 million while chemical margins shrank. Exxon's guidance doesn't take into account operational performance or changes in production levels but is a sign that the fourth quarter was a tough one for Big Oil. Investors are concerned about the Chinese economy amid ample global crude supplies. Exxon indicated it will report a $400 million gain from fourth-quarter asset sales, along with charges of the same amount. Most Read from Bloomberg Businessweek ©2025 Bloomberg L.P. Recommended Stories
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XOM
News
- Canada Energy Minister Warns Trump Against an Oil Trade War [BNN Bloomberg (Canada)]BNN Bloomberg
- Canada Energy Minister Warns Trump Against an Oil Trade War [Yahoo! Finance]Yahoo! Finance
- Exxon sees reduced Q4 earnings from lower oil prices, refining squeeze [Seeking Alpha]Seeking Alpha
- Exxon slips after flagging weak fourth-quarter earnings on refining squeeze [Yahoo! Finance Canada]Yahoo! Finance Canada
- Exxon slips after flagging weak fourth-quarter earnings on refining squeeze [Yahoo! Finance Canada]Yahoo! Finance Canada
XOM
Earnings
- 11/1/24 - Beat
XOM
Sec Filings
- 1/7/25 - Form 8-K
- 1/3/25 - Form 4
- 1/3/25 - Form 4
- XOM's page on the SEC website