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.

"ExxonMobil expects $1.5bn hit to Q2 earnings from lower oil and gas prices" was originally created and published by Offshore Technology, a GlobalData owned brand.

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.