By Katherine Hamilton

ExxonMobil expects falling oil prices to drag on fourth-quarter earnings, while higher gas prices will provide a boost.

The oil company on Tuesday said it expects receding liquids prices to lower its upstream earnings by $500 million to $900 million compared with the prior quarter, according to a filing with the Securities and Exchange Commission on Tuesday.

In the third quarter Exxon earned $8.6 billion, with $6.2 billion of that coming from upstream earnings.

The company said that the change in gas prices may boost earnings by as much as $400 million.

Changes in industry margins are expected to lower Exxon's earnings across its energy and chemical products businesses. ExxonMobil added that changes in timing effects are expected to dent earnings in its energy products unit by $500 million to $900 million.

Write to Katherine Hamilton at katherine.hamilton@wsj.com


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01-07-25 1810ET