Exxon Predicts $700 Million Hit to Profit From Lower Oil Prices
Exxon Mobil Corp. said earnings took a hit from lower crude prices and narrowing refining margins during the final three months of 2024.
Exxon's Earnings Bombshell: Profits Set to Miss Big
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Exxon Mobil price target lowered to $122 from $124 at BofA
BofA analyst Jean Ann Salisbury lowered the firm’s price target on Exxon Mobil (XOM) to $122 from $124 and keeps a Neutral rating on the
Exxon Mobil signals oil refining results to hurt Q4 profits
Exxon Mobil signaled on Tuesday that sharply weaker oil refining results, asset impairments and lower oil prices would reduce its fourth-quarter earnings by about $1.75 billion from the prior quarter.
Exxon Mobil warns that lower oil prices and tighter refining margins will weigh on earnings
Exxon Mobil Corp.’s stock fell 1.4% Wednesday, after the oil giant said lower oil prices and pressure on refining margins would weigh on fourth-quarter earnings. Oil prices measured by the U.S. WTI benchmark fell about 6.
Exxon drops after warning of oil, refining hit to 4Q profit
Exxon Mobil’s shares fell after the company warned its fourth-quarter earnings will take 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 division by about $700 million,
Exxon expects reduced Q4 earnings from lower oil prices, refining squeeze
Exxon Mobil (NYSE:XOM) -1.4% in Wednesday's trading after saying its Q4 earnings were hurt by lower crude prices and narrower refining margins, in a sign that the quarter may have been a tough one for the big oil companies.
Exxon Mobil Faces $1.2 Billion Loss Amid Falling Oil Prices and Refining Margins
Exxon Mobil's Q4 results were hit by lower oil prices and refining margins, leading to significant earnings declines despite asset sales.
Canada's Imperial Oil Says Senior Executive to Leave for Exxon Mobil
(Reuters) - Canadian oil refiner Imperial Oil said on Friday senior executive Sherri Evers will join major shareholder Exxon ...
Wall Street cuts Exxon earnings views after fourth-quarter snapshot
Analysts on Wednesday lowered their fourth-quarter earnings estimates for Exxon Mobil , the day after the top U.S. oil ...
Goldman Sachs Flags Weak Q4 Guidance For Exxon Amid Weak Upstream And Chemical Results
Goldman Sachs analyst Neil Mehta expressed views on Exxon Mobil Corporation‘s (NYSE:XOM) trading update reported yesterday.
Exxon Sues California Official, Claiming He Defamed the Company
The lawsuit, an unusual strategy for the oil giant, comes after California’s attorney general sued Exxon last year alleging ...
Chevron CEO Wirth Backs Hess in Exxon Arbitration Over Guyana
Chevron Corp. Chief Executive Officer Mike Wirth reiterated his support for Hess Corp. in its arbitration battle with Exxon ...
Exxon sues California AG, environmental groups over attacks on recycling efforts
Exxon Mobil filed a lawsuit on Monday against California Attorney General Rob Bonta and several environmental groups, court ...
Exxon Mobil: Capex Fears Are Exaggerated (Rating Upgrade)
Exxon Mobil shares have underperformed peers following the December strategy update. Read why I upgrade XOM stock from sell ...
Exxon Sues California AG, Environmental Groups Over ‘Smear’
Exxon Mobil Corp. filed a lawsuit alleging that California Attorney General Rob Bonta and several environmental groups made ...
Imperial Senior Vice President, Sustainability, Commercial Development and Product Solutions to assume new role at Exxon Mobil Corporation
Imperial announces Sherri Evers, Senior Vice President, will become North America Lubes General Manager for ExxonMobil.