Exxon Mobil warns lower oil, gas prices could cut profit by over $1B
1. Exxon Mobil expects Q2 earnings drop by $1.5 billion. 2. Brent crude prices averaged $66.71, an 11% decline this quarter. 3. Wall Street anticipates adjusted earnings of $1.53 per share. 4. Last quarter's total profit was $7.71 billion, down from prior stages. 5. Earnings report due on August 1; significant for oil sector insights.