Add as a preferred source on GoogleExxonMobil Estimates $4.5 Billion Q3 Margin Impact on Energy Products
The figure measures one estimated margin-related effect versus Q2. Energy Products had $4.1 billion in adjusted earnings in the second quarter.
ExxonMobil estimated that margin changes would affect third-quarter Energy Products earnings by $4.5 billion versus the prior quarter, a market-factor calculation that is not a forecast of total earnings.
The estimate compares the third quarter with the second quarter and covers the effect of margin changes on the Energy Products segment. It represents one factor affecting earnings, not the segment’s full-quarter result or ExxonMobil’s total earnings.
Energy Products had $4.1 billion in adjusted earnings in the second quarter. That amount is for the segment’s adjusted earnings, not refining alone.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.