other material
confidence high
sentiment neutral
materiality 0.60
Exxon provides 3Q23 earnings considerations; cites higher liquids & gas prices, weaker downstream margins
EXXON MOBIL CORP
- Upstream: liquids price change +$0.9-1.3B vs 2Q23; gas +$0.2-0.6B.
- Energy Products margins expected -$0.6 to -$0.4B vs 2Q23; Chemical Products margins -$0.2 to $0.0B.
- Unsettled derivatives mark-to-market negative $0.5-0.1B (Upstream) and $0.6-0.2B (Energy Products).
- Scheduled maintenance impact: Upstream +$0.1-0.3B; Energy Products $0.0-0.2B; others narrow.
- Identified items include additional European energy-sector taxes of -$0.1 to $0.0B.