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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.
ExxonMobil Says Lower Oil Prices Will Hit Q4 Earnings
KEY TAKEAWAYS ExxonMobil said it expects to take an up to a $900 million hit to its upstream earnings in the fourth quarter versus the previous three months amid falling oil prices.Lower liquids prices are set to bring down its upstream earnings by between $500 million to $900 million in the fourth quarter of 2024 compared with the third quarter.
Exxon Drops After Warning of Oil, Refining Hit to 4Q Profit
Exxon Mobil Corp.’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,
6h
on MSN
Cash flow: Top 10 tech startup funding rounds in the Pacific Northwest for Q4
Venture capital funding to startups based across the Pacific Northwest rose more than 20% year-over-year during the fourth ...
15h
Samsung Forecasts Q4 Earnings To Fall Well Short Of Expectations
South Korea's Samsung Electronics said on Wednesday it expected fourth-quarter profits to be sharply down compared with the ...
12h
on MSN
Shell cuts production forecast for LNG, warns weaker Q4
Shell ( NYSE: SHEL) trimmed its Q4 forecast; reduced its LNG production forecast to between 6.8 and 7.2 million metric tons, ...
12h
Samsung's preliminary Q4 profit falls far short of estimates as chip issues drag
Samsung Electronics' preliminary fourth-quarter operating profit missed estimates by a large margin, with the South Korean ...
13h
Shell Trims Q4 LNG Production Outlook
Shell, the world's largest trader of liquefied natural gas, trimmed its LNG production forecast for the quarter to 6.8-7.2 ...
cbtnews
23h
Monthly new car payments hit all-time high in Q4 2024
Nearly 1 in 5 new car buyers face $1,000+ monthly payments in Q4 2024 as rising loan amounts and high interest rates strain ...
1d
Samsung Q4 earnings expected to be hit by Nvidia AI chip supply delay
Samsung Electronics , the world's top memory chip maker, is expected to forecast on Wednesday its profit growth continued to ...
JD Supra
4h
ESOPs, Benefits & Compensation Q4 2024 Client Update
We hope you enjoyed the holidays and are settling back in refreshed and recharged for 2025. With a new year comes new rules; ...
8h
Cedar Grove Capital Management’s Q4 2024 Investor Letter
Cedar Grove Capital Management, an investment management company, released its fourth quarter 2024 investor letter.
8h
JPMorgan Q4 Earnings Preview: Buy Now or Wait for the Results?
JPM will release Q4 earnings next week. Here, we explore the factors impacting its performance and consider whether the stock ...
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