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Exxon Mobil profit halves on weak oil prices, chemicals business

FILE PHOTO: Logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in
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(Reuters) - Exxon Mobil Corp's third-quarter profit nearly halved, mainly hit by lower oil prices and weakness in its chemicals business.The largest U.S. oil producer's earnings fell to $3.17 billion (£2.45 billion), or 75 cents per share, in the quarter, from $6.24 billion, or $1.46 per share, a year earlier.(http://bit.ly/2WxMI0q)Exxon's oil equivalent production rose about 3% to 3.89 million..
Date Published: Nov 01, 2019
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