Exxonmobil I recently made the investors known Their next first quarter’s results report. The oil giant plans to report an increase of $ 900 million in their quarterly benefit. A combination of The highest prices of oil and natural gas and the improvement of oil refinement margins helped to feed the augmented profitability.

Unfortunately, the strong market conditions that helped boost their earnings in the first quarter faded in the first days of the first quarter. Cruge prices have been crushed due to concerns about how the highest rates will affect the global economy. In a more positive note, Exxon He works hard to strengthen his ability to gain in the future.

Exxonmobil provided some previous numbers for the first quarter. The company hopes that its profits will be about $ 900 million higher than in the fourth quarter, when it recorded $ 7.4 billion. This would also increase $ 100 million compared to the first quarter of last year, when it recorded revenue of $ 8.2 billion.

The company benefited from the highest prices of oil and gas during the quarter. Brent, the world’s worldwide reference price, had an average of less than $ 75 per barrel, 1.3% increase compared to the fourth quarter. Meanwhile, natural gas increased by 30%, partly fed by a cold winter in the United States, which prompted demand. Exxon also benefited from the highest oil refine Margins a quarter.

While oil and gas prices increased fourth place, they fell in the first days of the second quarter. Brent Crude has fallen more than 10% last week, falling around $ 65 per barrel due to fare worries. In the meantime, the Price of natural gas in the USA It has fallen more than 5% this week.

If the prices are maintained at their current levels or fall, it will have a significant impact on the exxon results in the next quarters. In the meantime, if the rates slow down the global economy, the margins of oil refinery would also be successful, further affecting Exxon’s benefits.

While exxon benefits could be immersed In the short termThe company’s long -term prospects are brilliant. Exxon is very investing in expanding its best resources, which have the lowest operating costs and the highest margins. The company also continues to be laser focused on structural stripping coast out of your business.

This strategy paid last year. The oil giant obtained $ 33.7 billion from $ 55 million in cash flows from operations, the third best year in a decade. The company was delivered which strong The performance, although oil prices were in the middle of its annual ten -year rank, while the refinement margins and chemicals were much lower than the average. It benefited from the growth of its highest margin assets and its cost -saving initiatives.