News Formal

Exxon sees $4 Billion earnings hit from gas prices, refining | Bloomberg News

  • 📰 BusinessMirror
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 59%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Exxon Mobil Corp. said lower natural gas prices and refining margins will reduce second-quarter earnings by about $4 billion compared with the previous three months. Know more:

Exxon Mobil Corp. said lower natural gas prices and refining margins will reduce second-quarter earnings by about $4 billion compared with the previous three months.

“The update is likely to be viewed negatively for earnings expectations into reporting, and we expect consensus numbers to move lower over the coming days,” Borkhataria said.

 

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:

 /  🏆 19. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SteelAsia makes deeper inroads into Canadian marketSteelAsia Manufacturing Corp. said it has shipped over 36,000 metric tons of high-strength steel bars in Canada in its latest batch of exports, marking a new milestone in its business in the North American country. | AldenMonzonINQ /PDI
Source: inquirerdotnet - 🏆 3. / 86 Read more »