قالب وردپرس درنا توس
Home / Business / Earnings jump for Exxon Mobil

Earnings jump for Exxon Mobil




(News)

Exxon Mobil's profits fell dramatically in the third quarter as the company was hit by lower crude oil and gas prices, AP reports. The Texas oil giant posted gains of $ 3.17 billion on Friday's third quarter, down 49% from the same period last year. Total revenue was $ 65.05 billion, down 15% year-on-year. The oil price suffered from a continuing trade war between the US and China, which raised concerns about a global economic slowdown. Natural gas prices were also low as the fuel glut in the US flooded the market.

Despite falling prices, Exxon's oil production increased by 3% to 3.9 million barrels per day, mainly due to growth in the Perm basin. Production in the Perm rose over the same period last year by 72%, the company said. "We are very pleased with the volume growth we see there," said Neil Hansen, vice president of investor relations, during a conference call with investors. "The resource continues to respond very well." Outside the US, Exxon had five major deepwater discoveries in Guyana and Cyprus during the quarter. (In the meantime, the Keystone pipeline had its second major damage in two years.)

var FBAPI = & # 39; 1

19343999649 & # 39 ;;

window.fbAsyncInit = function () { FB.init ({ appId: FBAPI, Status: true, cookie: true, xfbml: true, oauth: true, authResponse: true, Version: & # 39; v2.5 & # 39; });

FB.Event.subscribe (& # 39; edge.create & # 39 ;, function (response) { AnalyticsCustomEvent (& # 39; Facebook & # 39 ;, & # 39 ;, & # 39; P & # 39;); }); };

// Load the SDK asynchronously (Function (d, s, id) { var js, fjs = d.getElementsByTagName (s) [0]; if (d.getElementById (id)) return; js = d.createElement (s); js.id = id; js.src = "http://connect.facebook.net/en_US/sdk.js"; fjs.parentNode.insertBefore (js, fjs); } (document, & # 39; script & # 39 ;, & # 39; facebook-jssdk & # 39;));


Source link