Exxon Mobil and Shell’s Q4 Financial Outlook and Hydrogen Innovation

Exxon Mobil has revised its financial projections for the fourth quarter of 2024, anticipating a $1.75 billion reduction in earnings. This is largely attributed to weaker refining profits and broader operational challenges. While upstream asset sales contributed approximately $400 million to earnings, impairments of $600 million in other areas offset these gains. Additionally, the company expects refining margins to lower profits by $300-$700 million, while timing effects could lead to a further $500-$900 million decline.