ExxonMobil Sees Change In Gas Prices To Negatively Impact Q2 Upstream Earnings By $2.2B-$1.8B Vs Q1; Sees Change In Unsettled Derivatives To Impact Q2 Energy Products Earnings By Negative $0.3B To Positive $0.1B Vs Q1
Portfolio Pulse from Happy Mohamed
ExxonMobil anticipates a negative impact on its Q2 upstream earnings by $2.2B-$1.8B due to changes in gas prices. Additionally, changes in unsettled derivatives are expected to impact Q2 energy products earnings by negative $0.3B to positive $0.1B, according to an SEC filing.
July 05, 2023 | 8:30 pm
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NEGATIVE IMPACT
ExxonMobil's Q2 earnings are expected to be negatively impacted by changes in gas prices and unsettled derivatives.
The news directly mentions ExxonMobil and indicates that changes in gas prices and unsettled derivatives are expected to negatively impact the company's Q2 earnings. This could potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100