Exxon reduces Q2 earnings estimates over refining profits

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 25 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Exxonmobil News

Market Domination

Ahead of its full second-quarter earnings results on August 2, oil giant ExxonMobil (XOM) is signaling that its refinery profits could be taking a hit...

) is signaling that its refinery profits could be taking a hit, expected to decline from $1.1 billion to $1.5 billion. The Market Domination team monitors the energy company's stock movement on this news.Exxon, that company really expects refining profits to drop due to lower margins across the industry, reducing earnings estimates for the second quarter.This will be the oil giants first earnings report since closing on that $60 billion deal for pioneer natural resources.

So we we should get more fleshed out information when we get that full earnings report that's uh coming up. Mark O'Hare became a billionaire after BlackRock acquired his data company. Now he's turning his employees into millionaires. "Two years ago, workers who lost their jobs could simply walk across the street to find new work. That has become increasingly difficult," BCA said.Three Undervalued Stocks With Estimated Discounts Ranging From 13.7% To 35.9%

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in CA

Canada Canada Latest News, Canada Canada Headlines