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Exxon Mobil says higher natural gas prices contribute $1.1 billion to fourth-quarter profit

 Last Update: 2022-01-23
 Source: Internet
 Author: User

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According to Dow Jones, December 31, 2021, Exxon Mobil said on Thursday that higher natural gas prices in the fourth quarter are expected to increase company profits by between $700 million and $1.

Higher liquid prices will boost results by $400 million to $800 million in the fourth quarter, the company said in an SEC filing

The company said the change in the chemicals business' margins will have a negative impact of $600 million to $800 million, while the negative impact of non-cash impairments is estimated to be $500 million to $800 million

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