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Exxon just warned Wall Street of billion-dollar profit hits. Here’s what may cause it.

Why This Matters

Exxon flags potential hit in profit just as OPEC and allies announce larger production increases.

July 8, 2025
12:40 AM
2 min read
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Advanced ➔ Results Exxon just warned Wall Street of billion-dollar fit hits. Here’s what may cause it. Energy major flags Q2 hit on its up fitLast d: July 7, 2025 at 8:40 p.

ETFirst Published: July 7, 2025 at 5:43 p. ETResizeListen(2 min)Exxon Mobil is scheduled to report second-quarter earnings on Aug. Photo: Getty Images/iStockExxon Mobil Corp.

Late Monday warned investors that its second-quarter fit may take a hit of more than $1 billion from lower crude prices, and just under $1 billion from lower natural-gas prices.

Exxon’s XOM up, or exploration and duction, saw a GAAP fit of $6. 8 billion in the first quarter of this year. The Author Claudia AssisClaudia Assis is a San Francisco-based reporter for MarketWatch.

Her on Twitter @ClaudiaAssisMW. Show Conversation (0)Back To TopCopyright © 2025 MarketWatch, Inc. All rights reserved.

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