Exxon Is Set For Second Consecutive Loss In Q2

ExxonMobil may be set for its second consecutive loss in Q2 as the oil price collapse and weak refining margins will hit both the upstream and downstream divisions of the U.S. supermajor. In a filing to the SEC on Thursday, Exxon gave the market and investors a perspective on the market factors that impacted its Q2 results. “These factors are generally limited to market dynamics, seasonal patterns, and planned activities,” Exxon said.   The oil giant sees the lower oil and natural gas prices decreasing its upstream…