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via seekingalpha.comBusiness & Companies

Exxon sees higher refining margins adding US$4.5b to Q3 earnings

FROM THE WIRE · SEEKINGALPHA.COM

[Exxon Posts 38 Percent Decline In Quarterly Profit] Spencer Platt/Getty Images News ExxonMobil (XOM [https://seekingalpha.com/symbol/XOM]) said Friday that higher refining margins during Q3 could boost its downstream profit by ~$4.5B, according to an 8-K filing…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishStronger refining margins can support Exxon's earnings and the energy sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Exxon estimates higher refining margins add about US$4.5b to Q3 downstream profit.
  2. 02Analysts expect Q3 refining earnings near US$7.8b.
  3. 03The Gulf Coast 3-2-1 crack spread rose 28% quarter on quarter.
  4. 04Full quarterly results are scheduled for October 30.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Exxon Mobil CorporationXOMStock178.98 USDMarket closedtoday +2.46%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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