Exxon Mobil XOM1.42%increase; green up pointing triangle and Chevron CVX 0.27%increase; green up pointing triangle posted lower first-quarter profits in part due to anemic natural-gas prices and ...
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In an SEC filing, Exxon also said changes in gas prices could have a negative impact of $200M-$600M on upstream earnings in ...
For the first group of charges: Any impairment charge is noncash. So, there is no effect on reported cash flow. However, that $2.7 billion charge is a realization that past income statements had ...
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(Bloomberg) -- Exxon Mobil Corp.’s first-quarter earnings will likely be lower than in the prior three-month period due to falling oil and gas prices as well as a drop in profit from mark-to ...
Weak oil and gas prices anticipated to impact Exxon Mobil's Q1 FY24 results. Fluctuations in gas prices expected to negatively influence upstream results by $(0.6)B to $(0.2)B. The company ...
The energy sector (XLK) has continued to outperform throughout 2024. Alpine Saxon Woods Chief Market Strategist Sarah Hunt and CFRA Energy Equity Analyst and Deputy Research Director Stewart ...
Exxon Mobil (NYSE:XOM) disclosed Wednesday it expects to report ~$2.7B in Q1 impairments related to its upstream business, and said changes in oil prices would knock as much as $400M from upstream ...
Exxon Mobil Corp.’s first-quarter earnings will likely be lower than in the prior three-month period due to falling oil and gas prices as well as a drop in profit from mark-to-market derivatives.