---
schema_version: "secwatch.filing_event.v1"
accession: "0000034088-24-000003"
form_type: "8-K"
ticker: "XOM"
cik: "0000034088"
company_name: "EXXON MOBIL CORP"
filed_at: "2024-01-04T23:59:59+00:00"
generated_at: "2026-06-07T04:20:23.709850+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Exxon Mobil warns of $2.4–2.6B Q4 upstream impairment and market headwinds

## Summary
- Upstream impairments of $2.4–2.6B in Q4 2023, primarily from idle Santa Ynez Unit in California.
- Lower liquids prices expected to reduce upstream & energy products earnings by $0.8–$1.3B sequentially.
- Industry margins decline to reduce energy products & chemical earnings by $1.5–$2.0B.
- Additional European taxes and year-end inventory effects to impact quarter.
- Divestments expected to contribute $0.2–$0.4B gain.

## SEC filing metadata
- accession: 0000034088-24-000003
- form_type: 8-K
- ticker: XOM
- cik: 0000034088
- company_name: EXXON MOBIL CORP
- filed_at: 2024-01-04T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/34088/000003408824000003/0000034088-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/34088/000003408824000003/xom-20240104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000034088-24-000003
- JSON: https://secwatch.observer/filing/0000034088-24-000003.json
- Plain text: https://secwatch.observer/filing/0000034088-24-000003.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.