ExxonMobil estimates Q3 earnings impacts versus Q2
Updated
Summary
ExxonMobil expects changes in energy products margins to impact Q3 earnings by $4.5 billion versus Q2; the source does not specify the direction.
Why it matters
ExxonMobil expects specialty products margin changes to impact Q3 earnings by $500 million, lower liquids prices to reduce Q3 upstream earnings by $1.3 billion, and natural gas price changes to boost Q3 upstream earnings by $300 million, each versus Q2.