ExxonMobil (XOM) Expects Soft Gas Prices to Hurt Q2 Earnings
XOMExxonMobil(XOM) ZACKS·2024-07-09 21:31

Exxon Mobil Corporation (XOM) recently disclosed in a Form 8-K that soft natural gas prices due to lower demand and excess inventories will sequentially hurt its earnings for the second quarter of 2024.Owing to changes in prices of the commodity, the leading integrated energy player expects its second-quarter earnings to decline sequentially by 300millionto300 million to 700 million. However, XOM projects that a favorable crude pricing scenario in the June quarter will completely offset this negative impact.ExxonMobi ...