USA’s ExxonMobil suffers 58% dip in quarterly profit
Agencies3 Feb 2016 11:10 PM GMT
ExxonMobil reported a 58 per cent drop in fourth-quarter earnings as plunging oil prices dented results in the US oil giant’s exploration and production business. Earnings for the quarter came in at $2.8 billion as revenues fell 31.5 per cent to $59.8 billion.
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