Exxon’s SEC Filing Suggests Earnings Will Be Better Than Wall Street Thinks. Why Its Stock Is Dropping.

9 months ago 160

Exxon Mobil (XOM) released an update of factors impacting its fourth-quarter profits that suggests a apt net bushed erstwhile it reports connected Feb. 1. The banal is dropping, however, arsenic lipid prices slip.

After Thursday’s close, Exxon (ticker: XOM) submitted a filing to the SEC that lists the factors that volition interaction its fourth-quarter earnings, including “market dynamics, seasonal patterns, and planned activities.” It’s a batch of numbers breached down by segment, but Wall Street rapidly pounced connected the filing to bash the math.

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