August 2, 2019 / 11:40 AM / 4 months ago

Exxon Mobil profit drops on weaker gas prices, higher costs

Aug 2 (Reuters) - Exxon Mobil Corp reported a 21% drop in quarterly profit on Friday, hit by weaker natural gas prices and higher maintenance costs.

The largest U.S. oil producer’s net income fell to $3.13 billion, or 73 cents per share in the second quarter, from $3.95 billion, or 92 cents per share, last year.

Exxon’s oil equivalent production rose 7% to 3.9 million barrels per day. (Reporting by Arathy S Nair in Bengaluru; Editing by Bernard Orr)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below