ExxonMobil earnings plunge 47.5%to $4.2bn

GMT 12:59 2015 Friday ,30 October

Arab Today, arab today ExxonMobil earnings plunge 47.5%to $4.2bn

ExxonMobil says its earnings fell 47.5%
New York - AFP

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 percent to $4.2 billion, with profits from the upstream division that finds and produces oil sinking to just $1.4 billion from $5.1 billion in the year-ago period.

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