ExxonMobil: asset write-downs in Q4
The American energy giant states in a financial notice that this charge is essentially linked to its Santa Ynez platform in California, the restart of which is being called into question by stricter environmental rules in the state.
Earlier this week, its rival Chevron was forced to announce its intention to book provisions ranging from $3.5 to $4 billion for the same reasons.
For the rest, the elements contained in the Form 8-K published last night by Exxon point to net earnings of around $9 billion in the fourth quarter, according to analysts at RBC.
On a per-share basis, this would correspond to a profit of $2.2 per share, compared with the current consensus of $2.1.
Following these announcements, ExxonMobil shares were expected to rise by 0.2% on Friday morning at the opening of Wall Street.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
Go to the original article.
Contact us to request a correction