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 price target lowered to $122 from $124 at BofA
BofA analyst Jean Ann Salisbury lowered the firm’s price target on Exxon Mobil (XOM) to $122 from $124 and keeps a Neutral rating on the
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 Mobil warns that lower oil prices and tighter refining margins will weigh on earnings
Exxon Mobil Corp.’s stock fell 1.4% Wednesday, after the oil giant said lower oil prices and pressure on refining margins would weigh on fourth-quarter earnings. Oil prices measured by the U.S. WTI benchmark fell about 6.
Exxon drops after warning of oil, refining hit to 4Q profit
Exxon Mobil’s shares fell after the company warned its fourth-quarter earnings will take a hit from lower crude prices and narrowing refining margins during the final three months of 2024. Oil prices lowered earnings at Exxon’s production division by about $700 million,
Exxon expects reduced Q4 earnings from lower oil prices, refining squeeze
Exxon Mobil (NYSE:XOM) -1.4% in Wednesday's trading after saying its Q4 earnings were hurt by lower crude prices and narrower refining margins, in a sign that the quarter may have been a tough one for the big oil companies.
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.
Canada's Imperial Oil Says Senior Executive to Leave for Exxon Mobil
(Reuters) - Canadian oil refiner Imperial Oil said on Friday senior executive Sherri Evers will join major shareholder Exxon ...
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 ...
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 ...
Goldman Sachs Flags Weak Q4 Guidance For Exxon Amid Weak Upstream And Chemical Results
Goldman Sachs analyst Neil Mehta expressed views on Exxon Mobil Corporation‘s (NYSE:XOM) trading update reported yesterday.
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 ...
Wall Street cuts Exxon earnings views after fourth-quarter snapshot
Exxon Mobil shares fell nearly 2% in early trading on Wednesday after the top U.S. oil producer warned of a decline in ...
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 ...
Grist on MSN2d
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.” ...
Exxon Mobil sues California Atty. Gen. Rob Bonta over plastic recycling claims
Exxon lawsuit accuses California's attorney general, the Sierra Club and others of defaming the oil giant with negative ...
Exxon Mobil Corporation's (NYSE:XOM) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
Exxon Mobil (NYSE:XOM) has had a rough three months with its share price down 12%. But if you pay close attention, ...