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Exxon quarterly profit slides 52 per cent on low prices

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Exxon Mobil Corp, the world's largest publicly traded oil company, on Friday reported a 52 per cent slide in second-quarter profit as tumbling crude oil prices weighed on results.

[LONDON] Exxon Mobil Corp, the world's largest publicly traded oil company, on Friday reported a 52 per cent slide in second-quarter profit as tumbling crude oil prices weighed on results.

Exxon, based in Irving, Texas, said its profit in the quarter was US$4.2 billion, or US$1.00 per share, compared with US$8.8 billion or US$2.05 per share.

Oil and gas output rose 3.6 per cent to 4 million barrels oil equivalent per day (boed).

REUTERS

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