Ahead of its third-quarter results scheduled on October 28, Exxon Mobil (NYSE:XOM) provided certain key updates, which indicate that the company’s Q3 earnings would benefit from higher natural gas prices. This would help in offsetting the weaker profits from refining and chemicals businesses compared to the stellar numbers seen in the second quarter. Exxon’s Q2 results reflected the impact of elevated oil prices, solid refining margins, and cost cutting measures. However, oil prices have cooled down since then due to demand concerns amid fears of a potential recession.     Exxon’s update reflected that the rise in natural gas prices will favorably impact Q3 results by $1.8 billion to $2.
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Da Nov 2021 a Nov 2022 Clicca qui per i Grafici di Exxon Mobil