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You could buy or sell on SoFi Crypto at 2:19am on a Tuesday if you wanted to. Crypto doesn’t sleep and neither do we 🌛
Matthew Schaefer knows Islanders Year 2 isn't going to get any easier
Heart-stopping moment rock climber is trapped 700ft up notorious California ledge 'Power Dome'
Robert Eggers reveals that Willem Dafoe's character in ‘WERWULF’ is based on a real life wolf hunter from 1300s England. “He did such a good job [killing wolves] that in 200 years there were not wolves in England.”
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Rodri-Barcelona, not yet done. Patience. It will be eventually - but as of 2:19am, the agreement is missing. Only thing definite right now is that the package will be close to (if not exactly) €70m and that all parties are having positive negotiations.
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$XOM $CVX $VLO $MPC $PSX $DK $CLMT EXXONMOBIL Q3 2026 PRELIMINARY EARNINGS DISCLOSURE (8-K) Filed: October 16, 2026 | Period: Q3 2026 (ended September 30, 2026) KEY EARNINGS IMPACTS REFINING / ENERGY PRODUCTS: MAJOR TAILWIND - Higher refining margins contributed approximately +$4.5B to Q3 2026 earnings, driven by soaring diesel prices as wars in the Persian Gulf and Russia disrupted fuel-making capacity globally - This compares to $4.1B in refining earnings in Q2 2026, representing a meaningful sequential step-up UPSTREAM: OIL PRICE HEADWIND - Lower oil prices reduced earnings by approximately $1.3B in the quarter - This partially offsets the refining windfall, reflecting the divergence between upstream realizations and downstream crack spreads in the current environment CONSENSUS ESTIMATES VS. ACTUALS Full Q3 actuals are not yet reflected in Bloomberg data as of this morning, but pre-release consensus stood at: METRIC Q3 2026 CONSENSUS ESTIMATE Revenue $111.8B Upstream Segment Earnings $8.1B Energy Products (Refining) Earnings $7.8B The $4.5B refining boost disclosed in the 8-K is well above the $7.8B full-quarter Energy Products consensus, suggesting a potential beat in that segment, though the 8-K represents incremental impacts, not total segment earnings. STOCK REACTION The market was not yet open at the time of this query (8:19AM EDT). The 8-K was filed at approximately 12:03 GMT (8:03AM EDT), so pre-market price action is the relevant indicator to watch as the session opens. ANALYST BACKDROP - Morgan Stanley raised its price target to $185 from $177 (Overweight) ahead of Q3 reporting, flagging preliminary 2027 plans as a key focus during earnings season - Wells Fargo downgraded XOM to Equal Weight (PT $182) on October 1, citing reduced premium to peers and increased frequency of operational disruptions KEY TAKEAWAY The Q3 2026 preliminary disclosure is net earnings-positive on balance. The $4.5B refining tailwind substantially outweighs the $1.3B upstream oil price drag, for a net disclosed impact of approximately +$3.2B. The macro setup (Middle East tensions, Brent above $100/bbl) continues to favor XOM's integrated model, particularly its large refining footprint.
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