Exxon Mobil expects first-quarter oil earnings to fall

(Reuters) -Exxon Mobil said on Wednesday it expects changes in oil prices to hurt its first-quarter upstream profit by up to $400 million, compared to the last quarter of 2023.

Changes in gas prices could have a negative impact on upstream earnings by $600 million to $200 million, it revealed in a filing.

The company posted a total of $4.1 billion in upstream earnings for the quarter ended Dec. 31.

(Reporting by Vallari Srivastava in Bengaluru; Editing by Maju Samuel)


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