earnings
confidence medium
sentiment negative
materiality 0.60
Exxon Mobil sees Q4 2024 earnings headwinds from lower liquids prices and margins
EXXON MOBIL CORP
2024-FY EPS reported
$7.84
revenue$349,585,000,000
- Q3 2024 GAAP earnings $8.6B; zero identified items (non-GAAP same).
- Liquids prices seen reducing Q4 earnings by $0.5B-$0.9B; industry margins cutting Energy Products by $0.3B-$0.7B and Chemical Products by $0.3B-$0.5B.
- Positive offsets: divestments ($0.3B-$0.5B), tax items ($0.1B-$0.3B), gas prices (up to +$0.4B).
- Net effect points to sequential earnings decline from Q3's $8.6B; final Q4 results subject to finalization.