ExxonMobil signals lower oil prices could hit fourth-quarter upstream profit
It will release results for the final quarter of the year on Jan 30
US OIL major ExxonMobil said on Wednesday that lower crude oil prices could cut its fourth-quarter upstream earnings by about US$800 million to US$1.2 billion.
Oil prices declined 9.2 per cent during the three months ended Dec 31, as concerns about oversupply and tariffs outweighed geopolitical risks.
Brent crude futures shed about 19 per cent in 2025, the most substantial annual percentage decline since 2020 and their third straight year of losses, the longest such streak on record. US West Texas Intermediate crude logged an annual decline of almost 20 per cent.
The company said in a regulatory filing that changes in gas prices could affect its quarterly upstream earnings from a negative US$300 million to as much as a positive US$100 million.
Exxon‘s snapshot is closely watched for clues on how the broader oil sector will fare when companies begin releasing quarterly results in a few weeks.
Analysts expect ExxonMobil to report adjusted earnings of US$1.66 per share for the fourth quarter, according to data compiled by LSEG.
The company also said restructuring charges could negatively impact overall earnings by about US$200 million. Late last year, ExxonMobil had flagged that its corporate plan focused on cutting costs and boosting profits even through periods of oil price volatility.
The company will release results for the final quarter of the year on Jan 30, the filing showed.
The energy major had posted US$5.7 billion in upstream earnings for the third quarter. Its total profit in that period was US$7.5 billion. REUTERS
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