FX.co ★ Exxon Mobil's Q3 Upstream Earnings Likely Decreased By Up To $1 Bln Due To Falling Oil Price

Exxon Mobil (XOM) has revealed in a regulatory filing that its third-quarter upstream earnings are projected to decrease by $600 million to $1 billion as a result of declining oil prices. Additionally, the firm indicated that diminished refining margins during the same period are likely to further decrease profits by as much as $1 billion. The company outlined various elements that management anticipates will influence the financial results for the third quarter of 2024 in comparison to those of the second quarter of the same year.