Exxon Mobil warns $1.2B Q4 profit hit as crude slides

Exxon Mobil said lower crude prices may cut upstream profit by $800 million to $1.2 billion, and its fourth‑quarter earnings report is scheduled for January 30.

Exxon Mobil has warned that falling crude prices could significantly reduce fourth‑quarter profits. In a regulatory filing the company said lower oil prices may reduce upstream profit by $800 million to $1.2 billion. The filing also noted that natural gas price moves and stronger refining margins could partially offset the impact, while restructuring costs could trim profit further. Exxon’s fourth‑quarter earnings report is scheduled for January 30. Key points: - Exxon reported that lower crude prices may reduce upstream profit by $800 million to $1.2 billion. - The filing said natural gas price changes could swing results between a $300 million loss and a $100 million gain, and that stronger refining margins might add up to $700 million to downstream profit. - The company noted restructuring costs could reduce overall profit by about $200 million. - The article mentions analysts expect adjusted Q4 earnings of $1.66 per share and notes a moderate consensus in recent analyst actions. Summary: Exxon’s update indicates lower crude benchmarks are pressuring upstream earnings and could be an early signal for the broader sector. The company identified possible offsets from gas and refining and noted restructuring costs as an additional drag. The next scheduled event is Exxon's fourth‑quarter earnings release on January 30.