In an SEC filing, Exxon also said changes in gas prices could have a negative impact of $200M-$600M on upstream earnings in ...
For the first group of charges: Any impairment charge is noncash. So, there is no effect on reported cash flow. However, that $2.7 billion charge is a realization that past income statements had ...
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Exxon Mobil Corp.’s first-quarter earnings will likely be lower than in the prior three-month period due to falling oil and gas prices as well as a drop in profit from mark-to-market derivatives.
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The bulk of new diesel supply stemming from a $1 billion expansion at the UK’s largest oil refinery operated by Exxon Mobil Corp. will be available in the first quarter of 2025. A new production ...
If Exxon Mobil's (XOM) Q1 update from last night is any indication, the upcoming earnings season may be a more muted one for the oil and gas industry. In an SEC filing, the company disclosed that ...
Weak oil and gas prices anticipated to impact Exxon Mobil's Q1 FY24 results. Fluctuations in gas prices expected to negatively influence upstream results by $(0.6)B to $(0.2)B. The company ...
Exxon Mobil (NYSE:XOM) disclosed Wednesday it expects to report ~$2.7B in Q1 impairments related to its upstream business, and said changes in oil prices would knock as much as $400M from upstream ...