ExxonMobil: EPS halved in Q3
(CercleFinance.com) - Oil and gas company ExxonMobil reports net income excluding non-recurring items of over $9.
1bn for Q3 2023, or $2.27 per share, compared with adjusted EPS of $4.45 a year ago.
However, sequentially EPS rose by 17%, "with strong operating performance, including record third-quarter refining throughput1 as well as a higher crude price and industry refining margin environment".
"These factors were partly offset by weaker chemical margins, unfavorable derivative mark-to-market impacts and trading timing effects that are expected to unwind over time", the group adds.
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1bn for Q3 2023, or $2.27 per share, compared with adjusted EPS of $4.45 a year ago.
However, sequentially EPS rose by 17%, "with strong operating performance, including record third-quarter refining throughput1 as well as a higher crude price and industry refining margin environment".
"These factors were partly offset by weaker chemical margins, unfavorable derivative mark-to-market impacts and trading timing effects that are expected to unwind over time", the group adds.
Copyright (c) 2023 CercleFinance.com. All rights reserved.