Exxon Mobil Projects Sequential Earnings Bump On Energy Price Swings Ahead Of Q1 Report
Benzinga (Fri, 04-Apr 7:29 AM)
Exxon Mobil Corporation (NYSE:XOM) shares are trading lower premarket on Friday. The oil giant anticipates changes in oil prices to add first-quarter Upstream earnings quarter-over-quarter by $0.0 billion to $0.4 billion.
Also, changes in gas prices are expected to add to its Upstream results by $0.0 billion and $0.4 billion compared to the fourth quarter.
Also, Exxon Mobil projects that variations in industry margins will positively impact Energy Products earnings by $0.3 billion – $0.7 billion.
On the other hand, the company expects change in industry margins to impact Chemical Products earnings by $(0.1) billion – $0.1 billion and Specialty ...
