Reported 1 day ago
Exxon Mobil has indicated that its fourth-quarter earnings are expected to decline by approximately $1.6 billion due to weaker oil prices and refining results, alongside anticipated impairments totaling around $600 million, primarily in the upstream segment. Analysts forecast a profit of $1.76 per share for the quarter, a decrease from $2.48 per share in the same period last year, as the oil market grapples with declining prices driven by concerns over global demand growth.
Source: YAHOO