Exxon Mobil Corp’s oil and gas producing and refining businesses will report operating losses in the second quarter, it said in a regulatory filing on Thursday, setting the stage for the company to post another quarterly loss this year. Rivals Royal Dutch Shell and BP Plc have disclosed massive spending cuts and writedowns due to the price drop. Exxon faces a loss for the quarter of $2.3 billion, or 57 cents per share, according to estimates from Refinitiv IBES.
