reported a 58% increase in third-quarter net income to US$14.8 billion, but the result was somewhat clouded by the 8% drop in its oil production. Like other Western companies, the major failed to halt the decline in its oil production, which hit a nine-year low of 3.6 million b/d for the three months ended September…
COMPANY: Exxon Mobil reports declining output, record 3Q profit of $14.8 billion
Posted on November 24, 2008 by EnergyAsia