Exxon Profit More than Halved on Low Oil Prices

OilReuters

Exxon Mobil Corp (NYSE:XOM), the world's largest publicly traded oil company, on Friday reported a 52 percent slide in second-quarter profit as tumbling crude oil prices weighed on results.

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Exxon, based in Irving, Texas, said its profit in the quarter was $4.2 billion, or $1.00 per share, compared with $8.8 billion or $2.05 per share.

Oil and gas output rose 3.6 percent to 4 million barrels oil equivalent per day (boed).

(Reporting by Anna Driver; Editing by Chizu Nomiyama)

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