By Matt Grossman

 

Exxon Mobil Corp. said Thursday it expects changes in upstream liquids prices to help its third-quarter results by $1.4 billion to $1.8 billion.

The Irving, Texas-based energy company said in a filing with the Securities and Exchange Commission that other pricing and margin changes would drag on third-quarter results, noting that its forecasts didn't constitute a comprehensive picture of its expected third-quarter results.

Changes in downstream refining margins will hurt third-quarter results by $200 million to $600 million, Exxon Mobil said, while changes in gas prices will hurt results by $100 million to $500 million.

Changes in mark-to-market derivative impacts are likely to help improve third-quarter results by up to $400 million, Exxon Mobil said.

 

Write to Matt Grossman at matt.grossman@wsj.com

 

(END) Dow Jones Newswires

October 01, 2020 08:11 ET (12:11 GMT)

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