Now Inc Earnings Take A Hit Due To Crude Oil’s Plunge

NOW Inc missed on both the top and bottom line as weak oil prices led to declining sales.

Topics:  oil   
BING NEWS:
  • Oil Slips Amid Stronger Dollar, U.S. Fuel Stocks Build
    Oil edged lower in early European trade, but broader concerns of an oversupplied market this year and uncertainties over Chinese growth limit the upside.
    01/8/2025 - 8:00 pm | View Link
  • Futures higher, Exxon Mobil flags hit to Q4 earnings
    By 03:28 ET, the US crude futures (WTI) climbed 0.8% to $74.87 a barrel, while the Brent contract rose 0.7% to $77.56 per barrel. Both contracts were close to their highest levels since mid-October.
    01/7/2025 - 6:32 pm | View Link
  • Exxon predicts a $700 million hit to profit due to lower oil prices
    Oil prices lowered earnings at Exxon’s production division by about $700 million while refining margins reduced profit by a further $500 million compared with the third quarter, Exxon said in a ...
    01/7/2025 - 10:49 am | View Link
  • API Reports Large Crude Draw, Major Jump in Fuel Inventories
    Crude inventories saw a larger than expected decline for the week ending January 3rd, while fuel inventories continue to soar ...
    01/7/2025 - 7:48 am | View Link
  • Oil settles up over 1% on large draw from US crude stocks
    Oil prices settled more than 1% higher on Friday and recorded a weekly gain in low trading volume ahead of year-end, buoyed by a larger-than-expected drawdown from U.S. crude inventories last week.
    12/27/2024 - 6:11 am | View Link
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