Exxon Mobil Braces For Q3 Earnings Hit As Oil Price Swings Bite Into Profits
Exxon Mobil Corporation (NYSE:XOM) shares are trading higher today. The oil giant anticipates changes in oil prices to reduce third-quarter upstream earnings Q/Q by $(1.0) billion to $(0.6) billion.
Conversely, changes in gas prices is expected to impact its upstream results by between $(0.2) billion and $0.2 billion.
On the other hand, Exxon Mobil projects that variations in industry margins will impact energy products earnings by $(1.0) billion-$(0.6) billion and both specialty products earnings and chemical products earnings by $0.0 billion-$0.2 billion each.
According to Benzinga Pro, analysts estimate Exxon Mobil to report third-quarter adjusted earnings…
