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Exxon sees $4 Billion earnings hit from gas prices, refining | Bloomberg News

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Exxon Mobil Corp. said lower natural gas prices and refining margins will reduce second-quarter earnings by about $4 billion compared with the previous three months. Know more:

Exxon Mobil Corp. said lower natural gas prices and refining margins will reduce second-quarter earnings by about $4 billion compared with the previous three months.

“The update is likely to be viewed negatively for earnings expectations into reporting, and we expect consensus numbers to move lower over the coming days,” Borkhataria said.

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