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Exxon Mobil expects second-quarter oil earnings to increase
Global Banking & Finance Review®
Company
(Reuters) – Exxon Mobil said on Monday changes in oil prices would increase the oil major’s second-quarter upstream earnings by $300 million to $700 million compared with the first quarter.
(Reuters) – Exxon Mobil said on Monday changes in oil prices would increase the oil major’s second-quarter upstream earnings by $300 million to $700 million compared with the first quarter.
The largest U.S. oil producer had posted $5.7 billion in upstream earnings for the first quarter ended March 31.
(Reporting by Tanay Dhumal in Bengaluru; Editing by Krishna Chandra Eluri)
Upstream earnings refer to the profits generated from the exploration and production of oil and gas before they are refined or sold.
An oil major is a large, publicly traded oil and gas company that is involved in the exploration, production, refining, and distribution of oil and gas.
Quarterly earnings are a company's financial performance report for a three-month period, indicating profitability and operational efficiency, which can influence stock prices.
Market analysis involves assessing the dynamics of a market, including trends, competition, and economic factors, to inform business decisions and strategies.
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