Exxon Predicts $700 Million Hit to Profit From Lower Oil Prices [Yahoo! Finance]
Exxon Mobil Corporation (XOM)
Last exxon mobil corporation earnings: 5/1 07:34 am
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Source: Yahoo! Finance
Most Read from Bloomberg NYC's Subway Violence Deters Drive to Bring Workers Back to Office Dutch Central Bank Restores Amsterdam's ‘Ugliest Building' Can American Drivers Learn to Love Roundabouts? Don't Shrink the Bus Can States Hit the Brakes on Runaway Roadbuilding? 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 Businesswe
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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