(Reuters) -Exxon Mobil signaled in a regulatory submitting on Thursday that adjustments in oil costs would cut back the power main’s third-quarter upstream earnings by $600 million to $1 billion.
The corporate, in its earnings snapshot, advised refining margins in the course of the quarter would additionally negatively impression its income by as much as $1 billion.
Oil costs declined within the July-September quarter resulting from considerations about world oil demand development.
Exxon (NYSE:) posted $7.07 billion in upstream earnings for the second quarter and a web revenue of $9.1 billion within the year-ago third quarter.
Analysts anticipate the trade big to put up an adjusted revenue of $1.97 per share within the third quarter, in keeping with estimates compiled by LSEG.
