Goldman Sachs Flags Weak Q4 Guidance For Exxon Amid Weak Upstream And Chemical Results
Goldman Sachs Flags Weak Q4 Guidance For Exxon Amid Weak Upstream And Chemical Results
On the other hand, Exxon Mobil projects that variations in industry margins will impact energy products earnings by $(0.7) billion – $(0.3) billion, specialty products earnings by $(0.1) billion – $0.1 billion, and chemical products earnings by $(0.5) billion – $(0.3) billion.Goldman Sachs analyst Neil Mehta expressed views on Exxon Mobil Corporation's (NYSE:XOM) trading update reported yesterday.
高盛分析师尼尔·梅塔对埃克森美孚公司（纽交所：XOM）昨天报告的交易更新发表了看法。
The oil giant anticipates changes in oil prices to reduce fourth-quarter upstream earnings Q/Q by $(0.9) billion to $(0.5) billion.
这家石油巨头预计，油价变化将使第四季度上游每股收益环比减少9亿美元到5亿美元。
Conversely, changes in gas prices are expected to impact its upstream results by between $0.0 billion and $0.4 billion.
相反，天然气价格的变化预计将对其上游业绩产生0亿到4亿的影响。
On the other hand, Exxon Mobil projects that variations in industry margins will impact energy products earnings by $(0.7) billion – $(0.3) billion, specialty products earnings by $(0.1) billion – $0.1 billion, and chemical products earnings by $(0.5) billion – $(0.3) billion.
另一方面，埃克森美孚预计，行业板块利润的变化将对能源产品收益产生7亿美元–3亿美元的影响，特种产品收益影响为1亿美元–0.1亿美元，以及化学品收益影响为5亿美元–3亿美元。
The analyst writes that implied EPS at the midpoint was ~$1.50, below their estimate of $1.80 and FactSet consensus of $1.76.
分析师写道，隐含的每股收益中值约为1.50美元，低于他们的估计1.80美元和FactSet一致预期的1.76美元。
The difference is mainly due to weaker-than-expected results in the Upstream, Downstream, and Chemicals segments, adds the analyst.
分析师补充说，差异主要是由于上游、下游和化学品部分的业绩弱于预期。
Mehta writes that implied Upstream earnings were ~$5.7 billion at the mid-point, below their estimate of ~$6.2 billion.
梅塔写道，隐含的上游收益在中值约为57亿人民币，低于他们估计的62亿人民币。
The analyst adds that implied Downstream earnings, including Energy and Specialty Products, were ~$1.0 billion at the mid-point, below their estimate of ~$1.4 billion.
分析师补充道，包括能源和特种产品在内的隐含下游收益在中值约为10亿人民币，低于他们的估计14亿人民币。
Moreover, implied Chemicals earnings were ~$493 million at the mid-point, falling short of their estimate of ~$853 million.
此外，隐含的化学品收益在中间点约为$49300万，未达到他们估计的约$85300万。
Goldman Sachs rated the company Neutral with a price target of $125.
高盛将该公司评级为中立，目标价格为$125。
Investors can gain exposure to XOM via Vanguard Energy ETF (NYSE:VDE) and SPDR Select Sector Fund – Energy Select Sector (NYSE:XLE).
投资者可以通过Vanguard能源ETF（纽交所：VDE）和SPDR精选板块基金 – 能源精选板块（纽交所：XLE）获得XOm的敞口。
Price Action: XOM shares are down 2.43% at $106.11 at the last check Wednesday.
价格行动：截至周三最后一次检查，XOm股票下跌2.43%，报$106.11。
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图片来自shutterstock。
