Exxon Mobil profit halves on weak oil prices, chemicals margins
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HOUSTON (Reuters) - Exxon Mobil Corp's third-quarter profit nearly halved, hit by lower oil prices and weaker margins in refining and chemicals, with its three major business reporting lower year-over-year profit. 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, the company reported on Friday.(http://bit.ly/2WxMI0q) It beat analysts' recently reduced expectations for earnings of 67 cents per share...