(Bloomberg) — ExxonMobil Corp. mentioned decrease oil costs and refining margins lowered third-quarter earnings by $1.6 billion in contrast with the earlier interval.
The oil large revealed quarterly earnings steering in a regulatory submitting Thursday.
The impacts of decrease oil costs and shrinking refining margins will probably be partly mitigated by positive factors of about $900 million from timing results and a discount in scheduled upkeep at refineries. Pure gasoline costs and chemical margins will trigger little change to earnings, the corporate mentioned.