ExxonMobil says liquids prices to cut Q3 upstream earnings by $1.3 billion
XOM•ExxonMobil said changes in liquids prices are expected to reduce Q3 upstream earnings by $1.3 billion versus Q2, while margin changes are expected to lift energy products earnings by $4.5 billion.
1. Estimated earnings impacts
ExxonMobil said changes in gas prices are expected to add $0.3 billion to Q3 upstream earnings versus Q2. It also cited margin impacts of $0.5 billion for specialty products and a $0.6 billion reduction for chemical products; estimated timing effects among Q3 adjusting items total $2.50 billion.
