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Exxon Sees Higher Prices and Refining Boosting Q1 Profit by Up to $2 Billion

Summary by Oil Price
ExxonMobil expects its first-quarter earnings to be higher than in Q4 by up to $2 billion, thanks to higher oil and gas prices and rising refining margins. Exxon’s earnings in the upstream segment could be up to $900 million higher in the first quarter compared to the fourth quarter of 2024, due to higher oil and gas prices and timing effects, the supermajor said in an SEC filing. Oil prices in Q1 were lower than in the same period of 2024, but …

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Exxon Sees Higher Prices and Refining Boosting Q1 Profit by Up to $2 Billion

ExxonMobil expects its first-quarter earnings to be higher than in Q4 by up to $2 billion, thanks to higher oil and gas prices and rising refining margins. Exxon’s earnings in the upstream segment could be up to $900 million higher in the first quarter compared to the fourth quarter of 2024, due to higher oil and gas prices and timing effects, the supermajor said in an SEC filing. Oil prices in Q1 were lower than in the same period of 2024, but …

·London, United Kingdom
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Oil & Gas 360Oil & Gas 360

Exxon sees higher prices and refining boosting Q1 profit by up to $2 billion – Oil & Gas 360

(Oil Price) – ExxonMobil expects its first-quarter earnings to be higher than in Q4 by up to $2 billion, thanks to higher oil and gas prices and rising refining margins. Exxon’s earnings in the upstream segment could be up to $900 million higher in the first quarter compared to the fourth quarter of 2024, due to higher oil and gas prices and timing effects, the supermajor said in an SEC filing. Oil prices in Q1 were lower than in the same period…

·Denver, United States
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TXOGATXOGA

Episode 28: Global Oil Market Dynamics, Q1 2025 - Texas Oil & Gas Association

In this episode, TXOGA President Todd Staples sits down with Chief Economist Dean Foreman, Ph.D., to examine the key trends shaping global oil market dynamics in the first quarter of 2025. Their conversation explores the sustained strength in oil and natural gas demand amid headwinds from slowing global economic growth, evolving trade policies and tariffs, and seasonal market patterns. — TXOGA: Quarterly Energy Economics Outlook, Q1 2025 TXOGA: …

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TXOGA broke the news in on Thursday, April 3, 2025.
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