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ExxonMobil earnings plunge 47.5% to US$4.2b

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Published Fri, Oct 30, 2015 · 12:51 PM

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    [NEW YORK] ExxonMobil reported a big drop in third-quarter earnings Friday as lower oil and gas prices weighed on its exploration and production business.

    Earnings fell 47.5 per cent to US$4.2 billion, with profits from the upstream division that finds and produces oil sinking to just US$1.4 billion from US$5.1 billion in the year-ago period.

    AFP

    ExxonMobil

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