UPDATE 1-Weak oil prices hit Exxon's third-quarter earnings -filing [Reuters]
Exxon Mobil Corporation (XOM)
Last exxon mobil corporation earnings: 5/1 07:34 am
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Source: Reuters
UPDATE 1-Weak oil prices hit Exxon's third-quarter earnings -filing (Adds details, context) HOUSTON, Oct 1 (Reuters) - Exxon Mobil Corp’s operating profits fell last quarter for the fourth consecutive period, according to a regulatory filing on Tuesday that showed all three of its major businesses slumping from a year ago. Lower oil prices, weaker results in its chemical business and the lack of a tax benefit from the year-ago period combined to cut earnings to about $4 billion for the third quarter ended Sept. 30, according to a securities filing. Exxon this year began disclosing quarterly comparisons just after the period ended to deliver more timely information on its businesses to investors. Official results are due Oct. 31. The biggest hit to profits came from weaker oil prices. Earnings in the company’s oil and gas production unit are expected to fall about 45% from last year’s $4.23 billion in operating profit, Exxon’s data showed. Its refining business had improved margins tha
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News
- Exxon is working on tech to remove CO2 from atmosphere but a breakthrough is needed to slash costs [MSNBC.com]MSNBC.com
- Why ExxonMobil Stock Dropped on Earnings Friday [Yahoo! Finance]Yahoo! Finance
- Exxon Mobil and Chevron Report Lower Earnings [The New York Times]The New York Times
- Crude awakening: oil price rallies against backdrop of energy company earnings this week [BNN Bloomberg (Canada)]BNN Bloomberg
- Exxon and gas markets tell different stories [Reuters]Reuters
XOM
Earnings
- 4/26/24 - Miss
XOM
Sec Filings
- 4/26/24 - Form 8-K
- 4/22/24 - Form PX14A6G
- 4/18/24 - Form PX14A6G
- XOM's page on the SEC website