A decline in margins has weighed on refining stocks
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ExxonMobil (XOM) expects soft gas prices and unfavorable changes in industry margins to hurt Q2 earnings.
The oil giant's warning adds to the gloom hanging over energy stocks.
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06:44am, Tuesday, 09'th Jul 2024
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BP on Tuesday said it expects weak margins in its refining business will have hit its second quarter profits by up to $700 million after Exxon Mobil on Monday said a similar slump in refining margins
In the most recent trading session, Exxon Mobil (XOM) closed at $112.18, indicating a -1.05% shift from the previous trading day.
Exxon Mobil Corp (NYSE:XOM, ETR:XONA) shares fell Monday on indications from the oil supermajor that quarterly earnings would be weaker than expected.  An 8K filing indicated earnings per share (E
Exxon Mobil Corp on Monday signaled that lower refining margins across the industry and lower natural gas prices will reduce profits in the second quarter.

Exxon Slips on Chance of Weak Earnings

11:45am, Monday, 08'th Jul 2024
The company released a few details about its coming quarterly report in a government filing.
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Namibia's coastline hides a treasure trove of oil reserves. Chevron, ExxonMobil and Shell are eagerly poised to tap into this wealth, positioning themselves for strategic gains in Africa's new frontie
Crude oil prices have started to move higher after a period of moving lower due to the lack of upside catalysts, presenting opportunities for oil stocks to buy on dip. The recent trend has been driven
A strong first half of the year suggests prolonged tailwinds on Wall Street, according to Schaeffer's Senior Quantitative Analyst Rocky White.
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