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Exxon Sees $1.5 Billion Earnings Hit From Lower Oil, Gas Prices
Exxon Mobil Corp. expects lower oil and gas prices to reduce the company’s earnings by about $1.5 billion as a volatile quarter for commodity prices weighs on second-quarter profits. Most Read from BloombergAre Tourists Ruining Europe?
Exxon Mobil said its second-quarter earnings will take a hit. Shell has said its trading profit will be lower than thought.
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