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Exxon Mobil expects fourth-quarter oil earnings to fall

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Published Jan 04, 2024 04:41PM ET

Exxon Mobil expects fourth-quarter oil earnings to fall © Reuters. Cars are seen at an Exxon gas station in Brooklyn, New York City, U.S., November 23, 2021. REUTERS/Andrew KellyFile Photo

(Reuters) – Exxon Mobil (NYSE:XOM) said on Thursday that changes in oil prices would impact the top U.S. oil producer’s upstream earnings by $400 million to $800 million for the last three months of 2023, compared with the third quarter.

The company posted $6.1 billion in upstream earnings for the third quarter ended Sept. 30.

Exxon Mobil expects fourth-quarter oil earnings to fall

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