trending Market Intelligence /marketintelligence/en/news-insights/trending/dDFDqYmvneFObK0r_vZQaA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Exxon's Norwegian asset sale could lead to $3.6B upstream gain for Q4'19

客户案例:跨国公用事业公司有效增强对新客户信用风险的认知

S&P podcast - Coronavirus pandemic, oil price crash shake up energy sector

Case Study: A Utility Company Efficiently Sharpens Its Focus on the Credit Risk of New Customers

Energy Evolution Podcast

Energy Evolution Why solar energy could get even cheaper


Exxon's Norwegian asset sale could lead to $3.6B upstream gain for Q4'19

Exxon Mobil Corp. could see a $3.4 billion to $3.6 billion gain in its upstream earnings for the fourth quarter of 2019 due to its recent divestiture of nonoperated Norwegian upstream assets, according to a Jan. 3 filing with the SEC.

As part of Exxon's plan to divest $15 billion in noncore holdings by 2021, Exxon completed the $4.5 billion sale of oil and gas holdings in Norway to Vår Energi AS in early December 2019.

Exxon's upstream gain should help offset an expected slump in the Texas-based major's downstream and chemical earnings due to continued weakness in oil and natural gas prices and softer margins.

Exxon's upstream earnings in the third quarter of 2019 totaled $2.2 billion. The company reported third-quarter 2019 net earnings of $3.17 billion, or 75 cents per share, down from $6.24 billion, or $1.46 per share, in the same period of 2018.

During the company's third-quarter 2019 earnings call, Exxon executives said the oil and gas supermajor is still on schedule with an aggressive plan to increase output from the Permian Basin to 1 million barrels of oil equivalent per day as early as 2024.

Exxon will release fourth-quarter 2019 earnings results Jan. 31.