Friday, July 29, 2016

Exxon Mobil Q2 Profit Down 59%, Results Miss View; Chevron Slips To Loss

Oil company Exxon Mobil Corp. on Friday reported a 59 percent fall in profit for the second quarter from last year, while Chevron Corp. reported a loss for the quarter, both on lower revenues. The results of both companies were impacted by the low crude oil and natural gas prices as well as weaker refining margins.

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