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ExxonMobil Says Lower Oil Prices Will Hit Q4 Earnings
ExxonMobil said it expects to take an up to $900 million hit to its upstream earnings in the fourth quarter versus the previous three months amid falling oil prices.
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 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 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.
45m
Oil prices tick up after industry data shows fall in U.S. crude inventories
Oil futures were flat to slightly higher Wednesday, with investors awaiting official data on U.S. inventories after an ...
2h
Guyana oil exports jump, gain Europe market share in 2024
Guyana's oil exports rose 54% last year to some 582,000 barrels per day (bpd), fueled by European refiners' demand for ...
21h
on MSN
Trump's oil promises have bigger problems than Biden's new offshore drilling ban
President Joe Biden's move to protect offshore areas is largely symbolic, but the economic factors that may limit oil output ...
12h
on MSN
Oil rises on signs of tighter market; key Chinese port said to ban U.S.-designated vessels
Crude oil futures rise on Chinese stimulus hopes and weather demand, while concerns over Iranian supply disruptions support ...
2h
Finland says oil tanker linked to subsea cable damage has serious deficiencies
Finland's public transport agency said on Wednesday that an oil tanker suspected of damaging undersea cables in the Baltic ...
15h
Oil futures settle at their highest level since October
Oil futures finished higher on Tuesday, shaking off their losses from a day earlier to resume the rally they started the year ...
1d
on MSN
Trump plans to 'immediately' reverse Biden's 'ridiculous' ban on new oil and gas drilling along US coast
President-elect Donald Trump said he will "unban" President Biden's executive order blocking new oil and gas drilling across ...
8h
on MSN
China's Shandong Port, entry point for most sanctioned oil, bans US-designated vessels
Shandong Port Group has banned U.S.-sanctioned tankers from calling into its ports in the eastern Chinese province, home to ...
1d
on MSN
Biden issues ban on offshore oil and gas drilling in most federal waters. Trump vows to undo it
Biden's last-minute actions could be difficult for President-elect Trump to unwind, since they would likely require an act of ...
1h
Ukraine claims it struck a key military fuel depot deep inside Russia
The Ukrainian military said Wednesday that it struck a fuel storage depot deep inside Russia, causing a huge blaze at the ...
5h
on MSN
Indonesia curbs exports of used cooking oil, palm residue to help domestic users
Indonesia has clamped down on exports of used cooking oil (UCO) and palm oil residue to ensure supply to domestic cooking oil ...
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