ExxonMobil Expects Up to $300M Q3 Upstream Earnings Boost from Oil Price Changes

ExxonMobil anticipates its third-quarter 2025 upstream earnings to be influenced significantly by fluctuations in crude oil and gas prices, with potential impacts ranging from a negative $200 million to a positive $200 million for gas and from negative $100 million to positive $300 million for liquids. The company expects refining margins to rebound strongly, potentially adding $300 million to $700 million to earnings compared to the previous quarter, marking a $500 million increase in profits within the fuel-making division. Additionally, industry margins are forecasted to bolster earnings in the energy products division by $300 million to $700 million. Restructuring costs and scheduled maintenance may negatively affect overall earnings by $400 million to $600 million, and changes in the chemicals division margins might contribute about $200 million. Analysts maintain a positive outlook on ExxonMobil's stock, citing strong financial performance, strategic growth initiatives, and a balanced valuation. The company plans to release its final quarterly results on October 31, with investors closely monitoring these factors as indicators of the broader industry performance.