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Exxon quarterly profit to feel pinch of weaker natural gas, chemical earnings
(Reuters) - Exxon Mobil Corp said on Monday lower natural gas and chemical margins in its second quarter would offset improved crude and refining operations, pointing to flat profits sequentially and down from a year-earlier.
The U.S. oil major said in a securities filing t expected improved crude prices to boost second-quarter profit by $400 million to $600 million. However, natural gas prices which have dropped to multi-year lows in the face of tepid demand, were expected to offset it by an equal measure.
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Jennifer Rowland, analyst at Edward Jones, expects second-quarter upstream earnings to be weaker compared with a year ago. She lowered the brokerage's profit estimates to 88 cents per share from 95 cents previously. That is below Wall Street's mean estimates of 97 cents and the year-ago quarter's 92 cents a share.
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https://finance.yahoo.com/news/exxon-qua...13876.html
![[Bild: XOMc1dl1023.png]](https://finviz.com/publish/070219/XOMc1dl1023.png)
(Reuters) - Exxon Mobil Corp said on Monday lower natural gas and chemical margins in its second quarter would offset improved crude and refining operations, pointing to flat profits sequentially and down from a year-earlier.
The U.S. oil major said in a securities filing t expected improved crude prices to boost second-quarter profit by $400 million to $600 million. However, natural gas prices which have dropped to multi-year lows in the face of tepid demand, were expected to offset it by an equal measure.
...
Jennifer Rowland, analyst at Edward Jones, expects second-quarter upstream earnings to be weaker compared with a year ago. She lowered the brokerage's profit estimates to 88 cents per share from 95 cents previously. That is below Wall Street's mean estimates of 97 cents and the year-ago quarter's 92 cents a share.
...
https://finance.yahoo.com/news/exxon-qua...13876.html
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