BUZZ-Street View: Exxon's cost savings measures, volume growth to boost earnings
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Exxon Mobil's shares rose to $114.40 premarket, driven by anticipated cost savings and volume growth. The company expects third-quarter crude price changes to impact upstream earnings between negative $100 million and positive $300 million. Stronger refining margins could add $300 million to $700 million to earnings. Analysts from BMO and UBS highlight structural cost savings and volume growth from the Yellowtail project as potential tailwinds, while Piper Sandler notes larger-than-expected negative timing effects in the upstream segment.
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