Exxon Mobil Sees Change In Gas Prices To Negatively Impact Q1 Upstream Earnings By Negative $0.6B To Negative $0.2B Vs Q4; Sees Change In Liquids Prices To Impact Q1 Upstream Earnings By Negative $0.4 Bln To Flat Vs Q4; Sees Change In Industry Margins To Positively Impact Q1 2024 Energy Products Results By $0.5B-$0.7B Vs Q4
Portfolio Pulse from Benzinga Newsdesk
Exxon Mobil anticipates a negative impact on Q1 upstream earnings due to changes in gas and liquids prices, with a projected decrease of $0.6B to $0.2B and $0.4B to flat, respectively, compared to Q4. However, changes in industry margins are expected to positively affect Q1 2024 energy products results by $0.5B-$0.7B versus Q4, as per an SEC filing.
April 03, 2024 | 8:57 pm
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NEUTRAL IMPACT
Exxon Mobil expects a negative impact on Q1 upstream earnings due to gas and liquids price changes, but a positive impact on 2024 energy products results from industry margin changes.
The mixed impact on Exxon Mobil's financials, with negative short-term effects from gas and liquids prices and positive outlook for 2024 due to industry margins, suggests a neutral short-term stock price movement. The importance is high due to the direct impact on earnings, but the score is neutral reflecting the balance between negative and positive factors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100