• Exxon Mobil Corp. is expected to see a boost of approximately $2.1 billion in earnings for the third quarter, primarily attributed to higher oil prices and improved refining margins. However, this increase was partially offset by a decline in profitability in the chemicals segment. The surge in crude oil prices contributed around $1.1 billion to the earnings, and refining activities added another $1 billion in profits, as disclosed by Exxon, based in Spring, Texas, in a filing on Wednesday.

• An uptick in gas prices also contributed around $400 million to the earnings. Nevertheless, these gains are expected to be offset by losses in the chemicals sector, which further declined from already low levels. According to John Royall, an analyst at JPMorgan Chase & Co., this guidance suggests that Exxon's earnings for the quarter are estimated to be approximately $2.33 per share, aligning with the average of analysts' estimates compiled by Bloomberg. In after-market trading, the company's stock saw a decline of 0.8%.