ExxonMobil earnings plunge 47.5% to $4.2bn
ExxonMobil cooperation
New York - Arab Today
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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