ExxonMobil earnings plunge on lower commodity prices
New York economy
New York - Arab Today
ExxonMobil reported a big drop in third-quarter earnings Friday due to lower commodity prices and weaker returns in its refining business.
Net income was $2.7 billion, down 37.5 percent from the year-ago period as the two-year oil slump again weighed on results. Revenues fell 12.9 percent to $58.7 billion.
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