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Benzinga
Benzinga
Business
Chandrima Sanyal

Energy ETFs In Focus After Exxon Flags $1.5 Billion Profit Hit

Exxon ETF United States Oil NYSE XOM Gas Prices Natural Gas XLE
Exxon Mobil

Exxon Mobil Corp (NYSE:XOM) issued a warning on Monday that diminishing oil and natural gas prices might see its second-quarter earnings reduce by approximately $1.5 billion from the first quarter, per a Reuters report.

That warning has the potential to cascade into energy-focused ETFs, several of which have enjoyed the fossil fuel rally over the past year.

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