Exxon Mobil Expects Q2 Upstream Earnings to Benefit From Oil Price Changes
Exxon Mobil (XOM) said Tuesday in a filing that changes in oil prices could raise its Q2 upstream earnings by $3.5 billion to $3.9 billion, while changes in gas prices could either result in a $200 million loss or a similar gain. The quarter is expected to be affected by the US-Iran war, as well as significant planned activities and seasonal demand patterns, the company said.
Exxon Mobil (XOM) said Tuesday in a filing that changes in oil prices could raise its Q2 upstream earnings by $3.5 billion to $3.9 billion, while changes in gas prices could either result in a $200 million loss or a similar gain.
The quarter is expected to be affected by the US-Iran war, as well as significant planned activities and seasonal demand patterns, the company said.