Overview
- Exxon’s pre-earnings filing pegs a $800 million–$1.2 billion decline in upstream results versus Q3 tied to lower crude prices.
- Natural gas moves could swing upstream by negative $300 million to positive $100 million, while refining margins may add $300 million–$700 million.
- Chemical Products face a $200 million–$400 million earnings drag, with Specialty Products ranging from flat to a $200 million increase.
- Additional factors include about $200 million in restructuring charges, timing effects across segments, and scheduled maintenance impacts.
- The updated plan targets $20 billion in cumulative savings and roughly $5 billion more earnings and cash flow by 2030, as analysts look for Q4 EPS near $1.66–$1.67 ahead of the Jan. 30 report.