IRVING (dpa-AFX) - Exxon Mobil (XOM) disclosed in a regulatory filing that it expects a reduction in its third-quarter upstream earnings of approximately $600 million to $1 billion due to falling oil price.
The company stated that weaker refining margins during the quarter are also expected to reduce profits by up to $1 billion.
The company provided a summary of factors that management believes will impact third-quarter 2024 results compared to second-quarter 2024 results.
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