Exxon Mobil pre-announces 2Q25 headwinds from lower liquids and gas prices; ranges provided

EXXON MOBIL CORP

Liquids price change expected to reduce upstream earnings by $1.2-0.8B vs. 1Q25.
Gas price change expected to reduce earnings by $0.7-0.3B.
Industry margins and timing effects partially offset, with ranges up to +$0.2B and +$0.3B respectively.
Scheduled maintenance impacts range from -$0.2B to +$0.2B across segments.
1Q25 GAAP earnings were $7.7B; this is not an estimate of 2Q25 results.

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