Exxon Mobil provides 1Q24 earnings considerations; lower liquids/gas prices expected

EXXON MOBIL CORP

Estimated decrease of $0.4-0.6B from lower liquids prices and $0.2-0.6B from lower gas prices in Upstream.
Estimated increase of $0.5-0.7B from higher industry margins in Upstream and $0.7-1.2B in Energy Products.
Scheduled maintenance expected to reduce Energy Products earnings by $0.5-0.7B.
Absence of year-end inventory effects adds $0.3B in Upstream but subtracts $0.1B in Energy Products and $0.2B in Corp & Fin.
4Q23 earnings excluding identified items were $10.0B (non-GAAP); 1Q24 estimates are ranges not comprehensive.

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