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Exxon Predicts $700 Million Hit
Exxon Mobil warns that lower oil prices and tighter refining margins will weigh on earnings
Exxon Mobil has warned that lower oil prices and a squeeze on refinery margins will hurt its fourth-quarter earnings. Exxon Mobil Corp.’s stock fell 0.5% early Wednesday, after the oil giant said lower oil prices and pressure on refining margins would weigh on fourth-quarter earnings.
ExxonMobil Earnings to Fall on Lower Oil Prices
The change in gas prices, however, may boost earnings by as much as $400 million for the quarter, the company said..
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 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.
Exxon sues California AG, environmental groups
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 it misled the public about plastics recycling.
Exxon Mobil Corp. sues California attorney general for defamation over plastic recycling claims
Exxon Mobil Corp. has filed a federal defamation lawsuit against California Attorney General Rob Bonta and several environmental groups.
California and environmental groups sued Exxon over plastics. Now Exxon is striking back.
In a retaliatory lawsuit, Exxon says claims against it are motivated by “sordid for-profit incentives and outright greed.”
14h
on MSN
Exxon signals weaker performance across the board to hurt Q4 profits
Exxon Mobil signaled on Tuesday that sharply lower oil refining profits and weakness across all its businesses would reduce ...
18h
John Hess ‘Very Confident’ of Winning Exxon Case, Chevron Merger
Hess Corp. expressed confidence in prevailing in arbitration brought by Exxon Mobil Corp. over a massive oil project that’s ...
16h
Exxon Mobil Corp. stock rises Tuesday, outperforms market
Exxon Mobil Corp. closed $17.59 short of its 52-week high ($126.34), which the company reached on October 7th.
17h
Exxon Mobil expects fourth-quarter upstream earnings to ease
Exxon Mobil said on Tuesday changes in oil prices would ease its fourth-quarter upstream earnings by $500 million to $900 ...
1d
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 ...
2d
Exxon Mobil (XOM) Receives a Buy from Barclays
In a report released today, Betty Jiang from Barclays maintained a Buy rating on Exxon Mobil (XOM – Research Report), with a price target of ...
6d
With 65% ownership of the shares, Exxon Mobil Corporation (NYSE:XOM) is heavily dominated by institutional owners
Key Insights Significantly high institutional ownership implies Exxon Mobil's stock price is sensitive to their ...
4d
on MSN
Final Trades: Uber, Robinhood, Exxon and the IBIT
The Investment Committee give you their top stocks to watch for the second half. College Football Playoff’s final 4 teams, ...
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