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ENERGY SECTOR: Exxon Publish Q3 Earnings Considerations; Not A Spread Mover

ENERGY SECTOR

Aa2/AA-

Taken at the midpoints, the release implies a USD 500mn hit from Q224 earnings due to market factors and a USD 300mn boost due to planned/seasonal/other factors. Not a mover for a business of this size/quality. (Q2 earnings were USD 9.2bn).

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Aa2/AA-

Taken at the midpoints, the release implies a USD 500mn hit from Q224 earnings due to market factors and a USD 300mn boost due to planned/seasonal/other factors. Not a mover for a business of this size/quality. (Q2 earnings were USD 9.2bn).

Keep reading...Show less