Exxon Mobil (NYSE:XOM) expects changes in crude oil prices to boost its Q3 earnings by as much as $300 million compared with Q2, the company said post-market Monday in an SEC filing.
Exxon (NYSE:XOM) said the changes in liquids prices could have an impact in the range of negative $100 million to positive $300 million, and sees a narrow impact on gas prices in the range of negative $200 million to positive $200 million for the quarter.
The company also said refining margins rebounded in the quarter, adding $300 million to $700 million to earnings, and a smaller gain of $100 million-$300 million from higher margins in its chemicals division.
The company also said restructuring costs could negatively affect overall earnings by $400 million to $600 million.
Exxon (XOM) plans to will release its final quarterly results on October 31, when analysts expect the company to report adjusted earnings of ~$1.79/share.