Key Takeaways Exxon Mobil Corp. said lower oil and gas prices will impact current quarter profit by up to $1.9 billion.The energy giant expects the earnings impact of the price drop in liquids would be between $800 million and $1.

Meanwhile, gas price fluctuations could cause ExxonMobil’s haul to drop by anywhere between $300 million and $700 million, the US supermajor cautioned. Those ranges suggest a commodity fluctuation impact of anywhere from $1.1 billion to $1.9 billion, assuming the worst scenario is realised.

Exxon Mobil Corp. expects lower oil and gas prices to reduce the company’s earnings by about $1.5 billion as a volatile quarter for commodity prices weighs on second-quarter profits.