ExxonMobil Warns Falling Fuel Prices Will Pull Down Earnings
1. Exxon expects a $1.9 billion profit drop this quarter. 2. Liquid price drops could impact earnings by up to $1.2 billion. 3. Falling natural gas prices may decrease profits by $700 million. 4. Higher U.S. production has reduced oil and gas futures significantly. 5. XOM's shares rose over 1% following earnings report announcement.