Back to News
Jan 8, 2026 8:00 AM

Exxon Mobil Tells Investors Falling Oil Prices Will Dent Profits

Exxon Mobil Corporation (NYSE:XOM) said Thursday that changes in oil prices are expected to reduce its upstream results by $800 million to $1.2 billion in the fourth quarter compared with the third quarter.

Details

Changes in gas prices are also expected to impact upstream results by a negative $300 million to a positive $100 million over the same period.

The company added that variations in industry margins are projected to boost Energy Products earnings by $300 million to $700 million over the same period.

On the other hand, Exxon Mobil expects changes in industry margins to reduce Chemical Products earnings by ...