Exxon Mobil Projects Sequential Earnings Bump On Energy Price Swings Ahead Of Q1 Report

Exxon Mobil Corporation XOM shares are trading lower premarket on Friday. The oil giant anticipates changes in oil prices to add first-quarter Upstream earnings quarter-over-quarter by $0.0 billion to $0.4 billion.

Also, changes in gas prices are expected to add to its Upstream results by $0.0 billion and $0.4 billion compared to the fourth quarter.

Also, Exxon Mobil projects that variations in industry margins will positively impact Energy Products earnings by $0.3 billion – $0.7 billion.

On the other hand, the company expects change in industry margins to impact Chemical Products earnings by $(0.1) billion – $0.1 billion and Specialty Products earnings by $(0.3) billion – $(0.1) billion.

Moreover, changes in timing effects are expected to positively impact both Upstream and Energy Products earnings by $0.1 billion – $0.5 billion each.

Also Read: Trump’s Tariffs On Buyers Of Venezuelan Oil Could Boost Energy Sector, Exxon Mobil Stock

Apart from this, changes in scheduled maintenance are projected to affect Upstream results by $0.0 billion – $0.2 billion, Energy Products by $(0.3) billion – $(0.1) billion, Chemical Products by $(0.1) billion – $0.1 billion and Specialty Products by $(0.1) billion – $0.1 billion.

According to Benzinga Pro, analysts estimate Exxon Mobil to report first -quarter adjusted earnings per share of $1.70 and revenues of $86.09 billion.

Last month, the company disclosed that it is preparing to increase its isopropyl alcohol (IPA) production, aiming to produce 99.999% ultra-pure IPA to meet the growing needs of the semiconductor sector.

Exxon's Baton Rouge facility will undergo upgrades to manufacture this high-purity IPA to meet the growing demand by 2027.

Investors can gain exposure to XOM via THOR Equal Weight Low Volatility ETF THLV and ALPS Equal Sector Weight ETF EQL.

Price Action: XOM shares are down 3.53% at $108.46 premarket at the last check Friday.

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