Exxon Mobil guides lower Q3 2024 earnings vs Q2 on weaker liquids and margins

EXXON MOBIL CORP

2024-Q3 EPS reported $6.12 revenue$266,159,000,000

2Q24 GAAP earnings were $9.2B; Upstream segment earned $7.1B.
Lower liquids prices seen cutting Upstream earnings by ~$1.0B in Q3.
Industry margin weakness to reduce Energy Products by $0.6B to $0.2B.
Scheduled maintenance to cut Upstream by $0.2B to $0.0B sequentially.
Corporate & Financing segment impact of +$0.3B to $0.7B from timing effects.

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