Exxon Mobil provides 4Q25 preview; expects headwinds from lower oil & gas prices

EXXON MOBIL CORP

3Q25 GAAP earnings $7.5B; ex-identified items $8.1B.
Estimated 4Q25 headwind from lower liquids prices of $0.8-1.2B.
Estimated headwind from lower gas prices of $0.2-0.3B.
Expected impairments of $1.0-1.2B (Upstream) and $0.4-0.8B (other segments).
Divestment gains of $0.6-0.8B partially offset negative factors.

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