Exxon Mobil disappoints

City A.M. Reporter
EXXON Mobil yesterday reported a sharp fall in quarterly profit on lower oil and gas output production and weaker earnings from its refining business.

The world’s largest publicly traded oil firm reported profit at $6.9bn (£4.6bn), or $1.55 per share, down 57 per cent from $15.9bn, or $3.41 per share a year earlier.