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Forecast as of 14.07.2025Why Pip Sizes Are Different for Major and Exotic Pairs?What Is Currency Weaponization and How to Hedge Against It?What Are Forex Ghost Orders and How Do They Affect Trading?Week in Focus: CMC Markets Signals Tokenized Asset Plans, Axi Debuts Institutional Liquidity OfferingGold Price Reaction to Tariff NewsWhy Do Currency Movements Happen Without Any News?“In the Last 18 Months, Brokers Have Been Moving Toward ODP Licenses,” FMAS: 25 Insights on Regulation“Costs Could Reach 25%”: FMAS:25 Panel Urges Cheaper Cross-Border Solutions for Africa’s $50B Remittances“Costs Could Reach 25%”: FMAS:25 Panel Urges Cheaper Cross-Border Solutions for Africa’s $50B RemittancesXAU/USD: Elliott Wave Analysis and Forecast for 11.07.25 – 18.07.25WTI Crude Oil: Elliott Wave Analysis and Forecast for 11.07.25 – 18.07.25USD/JPY: Elliott Wave Analysis and Forecast for 11.07.25 – 18.07.25GBP/USD: Elliott Wave Analysis and Forecast for 11.07.25 – 18.07.25EUR/USD: Elliott Wave Analysis and Forecast for 11.07.25 – 18.07.25Silver’s Shine Attracts Investors. 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Wed. Jul 16th, 2025 10:48:46 PM

Exxon Mobil expects oil prices to boost second-quarter earnings

(Reuters) -Exxon Mobil said on Monday changes in oil prices would increase the company’s second-quarter upstream earnings by $300 million to $700 million compared with the first quarter.

The oil major would be reporting its first earnings after closing the acquisition of Pioneer Natural Resources (NYSE:PXD) for $60 billion, with the combined operations making it the largest oil producer in the Permian basin.

Exxon (NYSE:XOM), however, said it expects changes in gas prices to decrease its quarterly upstream earnings by $300 million to $700 million compared with the first quarter.

The largest U.S. oil producer had posted $5.7 billion in upstream earnings for the first quarter ended March 31.

This post is originally published on INVESTING.

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