Exxon Mobil sees changes in liquids, gas prices reducing Q4 earnings from Q3 by up to $4.1 billion

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Exxon Mobil Corp. said it expects changes in liquids and gas prices to reduce fourth-quarter earnings by up to $4.1 billion when compared with third-quarter...

Exxon Mobil Corp. XOM said it expects changes in liquids and gas prices to reduce fourth-quarter earnings by up to $4.1 billion when compared with third-quarter results. The oil giant’s stock rose 0.7% in premarket trading. The company provided late Wednesday factors that affected fourth-quarter earnings, since the company reported third-quarter net earnings of $19.7 billion. Changes in liquids prices are expected to reduce fourth-quarter earnings by $1.7 billion to $1.

The company provided late Wednesday factors that affected fourth-quarter earnings, since the company reported third-quarter net earnings of $19.7 billion. Changes in liquids prices are expected to reduce fourth-quarter earnings by $1.7 billion to $1.3 billion and gas price changes are expected to reduce earnings by $2.4 billion to $2.0 billion. Among other factors seen affecting Q4 results, estimated year-end inventory effects are seen reducing earnings by $1.

 

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:

 /  🏆 3. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines