IRVING (Texas), July 2 — Exxon Mobil Corp said today its second-quarter results will take a hit from the drop in oil and gas prices after the coronavirus-related lockdowns caused a dramatic plunge in demand.

The lower prices will hit earnings at Exxon’s exploration and production business by between US$2.5 billion (RM10.7 billion) and US$3.1 billion, it said in a filing. — Reuters