Exxon Mobil Warns of Lower Q2 Earnings Due to Falling Oil and Gas Prices

Exxon Mobil anticipates a $1.5 billion decrease in second-quarter earnings due to lower oil and gas prices. Benchmark Brent crude averaged $66.71 per barrel, down 11% from the previous quarter, while U.S. natural gas prices fell by 9%. Quarterly results will be released on Aug. 1, with Wall Street expecting adjusted earnings of $1.53 per share.

Read more at Yahoo Finance: Exxon signals lower oil, gas prices could hit second-quarter profit