Reported 23 days ago
Exxon Mobil announced that it anticipates a decrease of about $1.5 billion in its second-quarter earnings compared to the previous quarter, largely due to lowered oil and gas prices. As the largest oil producer in the U.S., Exxon's earnings report, set for release on August 1, is highly anticipated for insights into the overall performance of the oil sector amidst an 11% drop in benchmark Brent crude prices and a 9% decline in U.S. natural gas prices.
Source: YAHOO