Exxon Mobil said its second-quarter earnings will take a hit. Shell has said its trading profit will be lower than thought.

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.

Exxon Mobil signaled on Monday that lower oil and gas prices could cut its second-quarter earnings by about $1.5 billion from the previous quarter's level.

Key Takeaways Exxon Mobil Corp. said lower oil and gas prices will impact current quarter profit by up to $1.9 billion.The energy giant expects the earnings impact of the price drop in liquids would be between $800 million and $1.

The Trump administration is touting low pump prices, but oil and gas companies encountered headwinds in the second quarter.

ExxonMobil has forecast a reduction of $1.5bn in its second-quarter (Q2) earnings 2025 due to lower oil and gas prices, as reported by Bloomberg. The energy giant indicated that oil prices have negatively impacted earnings by $1bn,

Exxon Mobil signaled on Monday that lower oil and gas prices could cut its second-quarter earnings by about $1.5 billion from the previous quarter’s level. The earnings snapshot from the largest US oil producer is closely watched for clues on how the broader oil sector will fare when companies begin releasing quarterly results in a few weeks.