ExxonMobil expects $1.5bn hit to Q2 earnings due to lower oil and gas prices

ExxonMobil anticipates a $1.5bn decline in Q2 earnings in 2025 due to decreased oil and gas prices, with oil accounting for $1bn and gas for $500m losses from Q1. Market outlook appears challenging for ExxonMobil and Shell, citing difficulties generating cash flow for dividends and share repurchases.

Trade tensions, unexpected supply hikes, and geopolitical conflicts have pushed oil prices down, impacting ExxonMobil’s earnings. However, the company expects relief from refining margins, projecting a $300m boost in earnings. The guidance provided by ExxonMobil only considers market pricing, not operational performance variables.

Analysts predict ExxonMobil will report adjusted earnings of $1.53 per share for Q2. In Q1, ExxonMobil reported upstream earnings of $6.8bn, contributing to a total profit of $7.71bn. In June 2025, SOCAR signed agreements with Exxon Mobil and bp for oil and gas exploration in Azerbaijan.

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