00:00It's Benzinga bringing Wall Street to Main Street
00:03ExxonMobil shares dipped Monday as crude oil prices retreated from five-month highs
00:07following President Trump's waiver of Russia-related sanctions and tariffs.
00:11According to Benzinga, the decline comes as the energy sector trails broader markets,
00:15falling 0.7 percent, while the S&P 500 gained nearly 1 percent.
00:20ExxonMobil expects higher refining margins to boost third-quarter energy products' earnings
00:24by $4.5 billion compared with the previous quarter.
00:28However, lower liquids prices are expected to reduce upstream earnings by $1.3 billion.
00:34The company is scheduled to report third-quarter results on October 30th,
00:37with analysts expecting earnings of $3.95 per share on revenue of $102.04 billion.
00:44Shares were down by 0.28 percent at $178.47, near their 52-week high of $178.69, according to
00:54Benzinga Prodata.
00:55For all things money, visit Benzinga.com.
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