exxonmobil profits plunge on low oil prices
Last Updated : GMT 06:49:16
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Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

ExxonMobil profits plunge on low oil prices

Arab Today, arab today

Arab Today, arab today ExxonMobil profits plunge on low oil prices

New York economy
New York - Arab Today

ExxonMobil reported Friday that second-quarter earnings plunged nearly 60 percent due to low oil prices and weak refining margins.

Earnings came in at $1.7 billion, down 59.4 percent from the level a year ago. That translated into 41 cents per share, far below the 64-cent analyst estimate.

Shares fell in pre-market trade.


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