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ExxonMobil, oil prices

MarketWatch on MSN · 3h

Exxon Mobil warns that lower oil prices and tighter refining margins will weigh on earnings

Exxon Mobil has warned that lower oil prices and a squeeze on refinery margins will hurt its fourth-quarter earnings. Exxon Mobil Corp.’s stock fell 0.5% early Wednesday, after the oil giant said lower oil prices and pressure on refining margins would weigh on fourth-quarter earnings.

Investopedia on MSN · 3h

ExxonMobil Says Lower Oil Prices Will Hit Q4 Earnings

KEY TAKEAWAYS ExxonMobil said it expects to take an up to a $900 million hit to its upstream earnings in the fourth quarter versus the previous three months amid falling oil prices.Lower liquids prices are set to bring down its upstream earnings by between $500 million to $900 million in the fourth quarter of 2024 compared with the third quarter.

Wall Street Journal · 16h

ExxonMobil Earnings to Fall on Lower Oil Prices

The change in gas prices, however, may boost earnings by as much as $400 million for the quarter, the company said..

ViewusGlobal on MSN · 9h

Exxon Mobil Faces $1.2 Billion Loss Amid Falling Oil Prices and Refining Margins

Exxon Mobil's Q4 results were hit by lower oil prices and refining margins, leading to significant earnings declines despite asset sales.

Biden bans new oil, gas drilling off most US coasts

FOX News on MSN · 1d

Trump plans to 'immediately' reverse Biden's 'ridiculous' ban on new oil and gas drilling along US coast

President-elect Donald Trump said he will "unban" President Biden's executive order blocking new oil and gas drilling across U.S. coastal and offshore waters.

Politico · 18h

Drilling ban? Trump has bigger oil problems

That’s because the country is already producing more oil and exporting more natural gas than any other nation. Drilling for more fossil fuels than the world’s markets could absorb would be bad business, leading to potential price dips, economic instability and financial losses for oil producers.

The Associated Press - Busines… · 1d

Biden issues ban on offshore oil and gas drilling in most federal waters. Trump vows to undo it

Biden's last-minute actions could be difficult for President-elect Trump to unwind, since they would likely require an act of Congress to repeal.

2h

Oil trims gains on dollar strength, tight supplies provide support

Oil prices trimmed earlier gains on Wednesday as the dollar strengthened but continued to find support from a tightening of ...

4h

Oil prices tick up after industry data shows fall in U.S. crude inventories

Oil futures were flat to slightly higher Wednesday, with investors awaiting official data on U.S. inventories after an ...

16hon MSN

Oil rises on signs of tighter market; key Chinese port said to ban U.S.-designated vessels

Crude oil futures rise on Chinese stimulus hopes and weather demand, while concerns over Iranian supply disruptions support ...

3hon MSN

China may trim fuel oil imports amid 2025 tax hike, sources say

China's fuel oil imports are expected to drop in early 2025 following a hike in the product's import tax from Jan. 1, ...

4h

Ukraine 'drones attack oil depot for Putin's nuclear bomber planes' deep inside Russia

A huge fire exploded at the ‘Kristal’ oil complex in the city of Engels after long-range strikes, said Ukraine’s military ...

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