💨 Abstract

Exxon Mobil's second-quarter profit slumped to a four-year low, driven by falling oil prices as OPEC+ increased production. The company's Q2 profit was $7.08 billion, down from $9.24 billion the previous year, yet exceeded market forecasts. Revenue decreased to $81.51 billion, short of estimates. July saw an OPEC+ production boost, potentially lowering gas prices, while global markets reacted to U.S. trade policies.

Courtesy: WTOP Staff