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Exxon Mobil Expects Up to $2.6 Billion in Upstream Impairments
XOMExxonMobil(XOM) WSJ·2024-01-04 22:29

Exxon Mobil said in a regulatory filing Thursday that it was expecting impairments of 2.4billionto2.4 billion to 2.6 billion in its upstream business. Photo: Michael Nagle/Bloomberg NewsExxon Mobil is expecting up to 2.6billioninimpairmentsinthefourthquarterforitsupstreambusiness,mostlyrelatedtoidledassetsinCalifornia.TheoilandgasgiantsaidinaregulatoryfilingThursdaythatitwasexpectingimpairmentsof2.6 billion in impairments in the fourth quarter for its upstream business, mostly related to idled assets in California.The oil and gas giant said in a regulatory filing Thursday that it was expecting impairments of 2.4 billion to $2.6 billion in its upstream business. ...