Goldman Sachs Flags Weak Q4 Guidance For Exxon Amid Weak Upstream And Chemical Results

Goldman Sachs analyst Neil Mehta expressed views on Exxon Mobil Corporation‘s XOM trading update reported yesterday.The oil giant anticipates changes in oil prices to reduce fourth-quarter upstream earnings Q/Q by $(0.9) billion to $(0.5) billion.Conversely, changes in gas prices are expected to impact its upstream results by between $0.0 billion and $0.4 billion.On the other hand, Exxon Mobil projects that variations in industry margins will impact energy products earnings by $(0.7) billion – $(0.3) billio ...