Exxon Mobil Corp Shares Updated Q2 Profit Forecast Post Pioneer Acquisition
Monday, 8 July 2024, 16:02
Exxon Mobil Q2 Preview
Exxon Mobil Corp forecasts reduced profits in Q2 due to industry-wide lower refining margins and decreased natural gas prices.
Key Details:
- Impact: Lower natural gas prices
- Acquisition: $60 billion Pioneer Natural Resources buyout
- Expectations: Capital spending at $4.8 billion annually
Despite the Pioneer deal, Q2 earnings are expected to fall below market expectations.
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