Exxon Mobil Corp. has warned that lower oil and gas prices will reduce its earnings by approximately $1.5 billion in the second quarter. The company’s earnings were affected due to volatile commodity prices, with oil prices pulling down profits by about $1 billion and contributing another $500 million hit from gas prices compared to the first quarter.
Source: https://www.bloomberg.com/news/articles/2025-07-07/exxon-sees-1-5-billion-earnings-hit-from-lower-oil-gas-prices