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In an SEC filing, Exxon also said changes in gas prices could have a negative impact of $200M-$600M on upstream earnings in ...
Exxon Mobil ended 2023 on a high note, but investors still seem unsure about the stock. The shares gained less than 1% on Friday, even though the company reported earnings that beat analysts ...
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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The energy sector (XLK) has continued to outperform throughout 2024. Alpine Saxon Woods Chief Market Strategist Sarah Hunt and CFRA Energy Equity Analyst and Deputy Research Director Stewart ...
(Bloomberg) -- 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 ...
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 ...
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.