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Jul 07, 2026
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Exxon Mobil Expects Higher Earnings

OBBM Network Editorial Staff
July 7, 2026
Exxon Mobil Expects Higher Earnings

Exxon Mobil, a U.S. oil and gas major, signaled on Tuesday that changes in oil prices would boost its second-quarter upstream earnings by $3.5 billion to $3.9 billion.

Benchmark Brent crude prices averaged at $93.58 a barrel during the April-June quarter, up 4.8% from the prior quarter. The U.S.-Iran war injected a hefty geopolitical risk premium into oil markets and heightened fears of disruption in supply through the Strait of Hormuz, which carries about a fifth of global oil flows.

Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.

OBBM Network Editorial Staff

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Editorial team behind OBBM Network — independent, hyper-local journalism syndicated through HyperLocalLoop and OBBM Network TV.

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