ExxonMobil 3Q Earnings Down 7 Pct (USA)

The largest energy company in the world by market value, ExxonMobil today, November 1, reported a 7 percent drop in its quarterly profit.

In a press release issued today, the U.S. oil giant revealed that its third quarter 2012 earnings were $9.6 billion, compared to $10,3 billion earned in the same quarter a year ago.

The company’s capital and exploration expenditures were $9.2 billion, up 7% from the third quarter of 2011.

Oil-equivalent production decreased 7.5% from the third quarter of 2011.

[mappress]
November 1, 2012