ExxonMobil earnings drop 49% in the third quarter on lower oil prices

ExxonMobil earnings drop 49% in the third quarter on lower oil prices
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26.11.2019

MOSCOW (MRC) -- Exxon Mobil reported a 49% decline in third-quarter earnings on lower oil prices and higher costs, reported CNBC. Exxon earned USD3.2 billion in the third quarter, down from USD6.2 billion in the same period a year ago.The company spent USD7.7 billion on capital and exploration expenditures, including in the key Permian Basin area. Oil-equivalent production rose 3% compar

Full article at mrcplast.com

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