Wednesday, July 23, 2025
Exxon expects $1.5 billion earnings drop from lower oil, gas prices- oil and gas 360

Exxon expects $1.5 billion earnings drop from lower oil, gas prices

(World Oil)– ExxonMobil 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. Oil prices pulled down earnings by about $1 billion while gas contributed another $500 million hit when compared to the first quarter, the Spring, Texas-based company said in a statement Monday.

With US trade war, China now top buyer for Canadian crude on Trans Mountain pipeline- oil and gas 360

With US trade war, China now top buyer for Canadian crude on Trans Mountain pipeline

(BOE Report) – China has emerged as the top customer for Canadian oil shipped on the expanded Trans Mountain pipeline, ship tracking data showed, as a U.S. trade war has shifted crude flows in the year since the pipeline started operating. China’s new interest in Canadian oil comes as U.S. President Donald Trump’s trade war has strained relations between longtime