Exxon Mobil Stock Slips Pre-Market After Flagging Expected Dip In Q4 Earnings: Retail On Wait-And-Watch Mode

Exxon Mobil said that compared to the third quarter, it expects its earnings from the refining unit to fall between $300 million and $700 million due to lower industry margins for the fourth quarter of 2024.
Prices are displayed at an ExxonMobil gas station on February 01, 2022 in Houston, Texas. (Photo by Brandon Bell/Getty Images)
Prices are displayed at an ExxonMobil gas station on February 01, 2022 in Houston, Texas. (Photo by Brandon Bell/Getty Images)
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Sourasis Bose·Stocktwits
Updated Jul 02, 2025 | 8:31 PM GMT-04
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Exxon Mobil’s shares were down 0.5% in premarket trade on Wednesday after the company revealed that a fall in liquids prices and weak results in its refining business would negatively impact its fourth-quarter earnings. 

In a regulatory filing, the oil major said that its upstream segment earnings in the fourth quarter could decline by $500 million to $900 million from the preceding quarter due to a fall in liquids prices. 

Exxon added that earnings from its energy products segment or refining unit could fall between $300 million and $700 million for the fourth quarter of 2024 compared to the third quarter due to a decline in industry margins. 

The company expects earnings from its chemical segment to fall sequentially by $300 million to $500 million. 

However, the largest U.S. oil company said that a boost in natural gas prices could slightly offset the slump in liquids and refining prices.

Exxon had reported a net income of $8.6 billion in the third quarter. 

Oil prices weakened during the fourth quarter following a ceasefire between Israel and Hezbollah and concerns over global economic growth. 

Following the update, retail sentiment on Stocktwits continued to trend in the ‘bullish’ (63/100) territory, albeit with a lower score. The move was accompanied by ‘high’ retail chatter.

Exxon is expected to report earnings per share (EPS) of $1.73 on revenue of $88.37 billion, according to Koyfin.

XOM’s Sentiment Meter and Message Volume as of 07:26 a.m. ET on Jan. 8, 2025 | Source: Stocktwits
XOM’s Sentiment Meter and Message Volume as of 07:26 a.m. ET on Jan. 8, 2025 | Source: Stocktwits

One user asked whether oil and gas could be used to fuel artificial intelligence data centers. 

Also See: AMD Stock Tumbles On Analyst’s Double Downgrade Flagging AI GPU Weakness: Retail Sentiment Holds Strong 

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