Jan. 4, 2024 5:29 pm ET

Exxon Mobil is expecting up to $2.6 billion in impairments in the fourth quarter for its upstream business, mostly related to idled assets in California.

The oil and gas giant said in a regulatory filing Thursday that it was expecting impairments of $2.4 billion to $2.6 billion in its upstream business.

Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

This post first appeared on wsj.com

You May Also Like

Logan Paul’s PRIME Energy drink prompts concerns about the risks of caffeine for kids

Senate Majority Leader Chuck Schumer is urging the Food and Drug Administration…

Letterman thanks Rhode Island hospital for care after he struck his head, fell unconscious

PROVIDENCE, R.I. — If David Letterman put together a Top Ten list…

Progressive Opposition to Powell Clouds Chances for Second Term

Members of President Biden’s economic team generally support nominating Federal Reserve Chairman…

Naomi Osaka sweeps past Serena Williams, into Australian Open final

Naomi Osaka denied Serena Williams‘ latest bid for a 24th Grand Slam singles…