Exxon just warned Wall Street of billion-dollar profit hits. Here’s what may cause it.
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Exxon flags potential hit in profit just as OPEC and allies announce larger production increases.
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investment
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July 8, 2025
12:40 AM
MarketWatch
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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
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