Exxon, Shell feel the pain of natural gas glut in Q2 results [Seeking Alpha]
Exxon Mobil Corporation (XOM)
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Exxon, Shell feel the pain of natural gas glut in Q2 results - Exxon Mobil Corporation (NYSE:XOM) | Seeking Alpha Energy | Commodities Exxon, Shell feel the pain of natural gas glut in Q2 results Aug. 2, 2019 10:32 PM ET Exxon Mobil Corporation (XOM) Carl Surran The world's oil majors are feeling the heat from steadily shifting their investments toward natural gas, as weak gas pricing helped whack Q2 earnings RDS.A CVX Gas traded at the Henry Hub benchmark is at the lowest seasonal levels in two decades XOM's Q2 earnings CVX's Q2 earnings Shell's quarterly profit was its smallest in two and a half years, due in part to tumbling natural gas prices, and Total (NYSE: TOT XOM and CVX have bet tens of billions of dollars on massive LNG projects around the world ranging from the Texas Gulf Coast to Papua New Guinea. Shell is a pioneer in the LNG industry, and BP Given the ample supply of natural gas, prices may remain weak for several years ETFs: UNG UGAZ DGAZ BOIL GASL FCG KOLD UNL GASX
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