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Exxon Mobil Earnings Cut in Half
Exxon Mobil Earnings Cut in HalfBusiness
Energy giant’s revenue falls 33% as results are hurt by lower oil prices
By Chelsey Dulaney
Updated July 31, 2015 10:56 a.m. ET
Exxon Mobil Corp., the biggest and richest U.S. oil company, reported its lowest earnings in six years on Friday as bigger profits from refining couldn’t offset plunging earnings in its exploration and production business.
Energy giant’s revenue falls 33% as results are hurt by lower oil prices
By Chelsey Dulaney
Updated July 31, 2015 10:56 a.m. ET
Exxon Mobil Corp., the biggest and richest U.S. oil company, reported its lowest earnings in six years on Friday as bigger profits from refining couldn’t offset plunging earnings in its exploration and production business.
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