Exxon Mobil Forecasts Pricing Effects On 3Q Results
04 Octubre 2022 - 5:40PM
Noticias Dow Jones
By Kathryn Hardison
Exxon Mobil Corp. detailed pricing effects that it expects to
see on its results for the quarter that ended in September.
Exxon Mobil estimates that changes in liquid prices will have a
negative effect of between $1.4 billion to $1.8 billion in the
third quarter compared with second-quarter results, it said in a
Tuesday filing with the Securities and Exchange Commission.
The oil and gas company also predicted a favorable effect of
$1.8 billion to $2.2 billion on results for the recent quarter due
to changes in gas prices, compared with the second quarter.
These pricing details take into account market dynamics,
seasonal patterns and planned activities, Exxon Mobil said. Margin
impacts, unscheduled downtime, foreign exchange fluctuation and
other factors aren't included in the estimates.
For the second quarter, the company recorded net income of
$17.85 billion, or $4.21 per share, compared with $4.69 billion, or
$1.10 per share, the year prior. The company cited increased
production, higher realizations and tight cost control during the
period. Revenue was $115.68 billion.
The company expects to report third-quarter results on Oct.
28.
Write to Kathryn Hardison at kathryn.hardison@wsj.com
(END) Dow Jones Newswires
October 04, 2022 18:25 ET (22:25 GMT)
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