Exxon Flags Falling Profit Amid Low Natural Gas Prices And Refining Margins ...Middle East

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Exxon Flags Falling Profit Amid Low Natural Gas Prices And Refining Margins
source : OILPRICE ( Middle East ) () 29
ExxonMobil (NYSE: XOM) expects to book sharply lower second-quarter earnings compared to the same period last year and to the first quarter, due to low natural gas prices and lower refining margins. For the first quarter this year, Exxon booked record earnings for a first quarter of $11.4 billion, double from the $5.48 billion for the first quarter of 2022 and down from $12.75 billion for the fourth quarter of 2022. The per-share earnings of $2.79 for the first quarter of 2023 beat The Wall Street Journal consensus estimate of $2.60.   …

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