exxonmobil earnings plunge on lower commodity prices
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

ExxonMobil earnings plunge on lower commodity prices

Arab Today, arab today

Arab Today, arab today 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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