Exxon just warned Wall Street of billion-dollar profit hits. Here’s what may cause it. - MarketWatch
1. Exxon warns of $1 billion profit drop from lower crude prices. 2. Natural gas prices could reduce profits by up to $700 million. 3. Exxon's shares fell 0.5% after the warning on profits. 4. U.S. crude oil prices fell 9% in the second quarter. 5. Second-quarter earnings report is due on August 1.