Exxon expects over $2 billion in upstream impairments due to shuttered Santa Ynez field

Spring-based Exxon Mobil Corp. (NYSE: XOM) is anticipating between $2.4 billion and $2.6 billion in upstream impairments for the fourth quarter 2023, mostly from its Santa Ynez unit in California. Click through to the story to get caught up on the status of the assets.