ExxonMobil's profit falls 58%; BP cites low oil prices in US$3.3b Q4 loss
Thu, Feb 04, 2016 - 5:50 AM
ExxonMobil's results would have been far worse if not for the company's refining and chemical businesses. It had refining and marketing earnings of US$1.35b, up from US$497m the year before.
OVER the last year, the biggest oil companies have shown the most resilience in the face of plunging oil prices. But now even the likes of ExxonMobil, BP and Chevron are beginning to lose their buoyancy.
The newest measure of the oil industry's falling fortunes came on...