) fourth quarter operating results will decline from a year ago due to weakness in chemicals and refining, according to a regulatory filing and analyst comments on Friday.
Some analysts slashed earnings projections to about 50 cents per share, down from the average earlier estimate of 71 cents, according to Refinitiv IBES. The estimates exclude gains from asset sales. The update “is like Groundhog’s day - once again chemicals and downstream weakness will drag down overall earnings,” said Jennifer Rowland, analyst at Edward Jones.
Operating profit in its largest business, oil and gas production, could be $2.3 billion based on the midpoint of its estimate, up from the third quarter but down from a year ago, according to the filing.
The 1st UN ClimateEmergency deadline is 9 years from Inauguration Day. The idea of PresidentSanders makes exxonmobil nervous. That's good. Because if it's not PresidentBernieSanders they should be absolutely terrified.
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