• January 8, 2025

Goldman Sachs Flags Weak Q4 Guidance For Exxon Amid Weak Upstream And Chemical Results

Goldman Sachs analyst Neil Mehta expressed views on Exxon Mobil Corporation‘s (NYSE:XOM) trading update reported yesterday. The oil giant anticipates changes in oil prices to reduce fourth-quarter upstream earnings Q/Q by $(0.9) billion to $(0.5) billion. Conversely, changes in gas prices are expected to impact its upstream results by between $0.0 billion and $0.4 billion. On the other hand, Exxon Mobil projects that variations in industry margins will impact energy products earnings by $(0.7) b