HOUSTON, Jan 8 (Reuters) - Analysts on Wednesday lowered their fourth-quarter earnings estimates for Exxon Mobil (XOM.N), opens new tab, the day after the top U.S. oil producer warned that reduced ...
HOUSTON (Reuters) -Exxon Mobil (XOM) signaled on Tuesday that sharply lower oil refining profits and weakness across all its businesses would reduce its fourth-quarter earnings by about $1.75 ...
Oil prices lowered earnings at Exxon’s production division by about $700 million, while refining margins reduced its profit by a further $500 million compared with the third quarter, Exxon said ...
In the last three months of 2024, Exxon Mobil expects reduced profitability due to falling oil prices and shrinking refining margins. Exxon said the production division's earnings were cut by around ...
The oil major faces “significant headwinds” at its refining division, wrote an RBC Capital Markets analyst. Exxon Mobil’s shares fell after the company warned its fourth-quarter earnings ...
Lower oil prices during the three-month period also played a part. This would be the second quarter in a row that would feature the negative effects of weaker refining margins at Exxon.
Canada's Imperial Oil says senior executive to leave for Exxon Mobil Analysts on Wednesday lowered their fourth-quarter earnings estimates for Exxon Mobil , the day after the top U.S. oil producer ...
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Exxon Mobil Corp. said earnings took a hit from lower crude prices and narrowing refining margins during the final three months of 2024. Oil prices lowered earnings at Exxon’s production ...