ExxonMobil’s profits halve in Q3; firm expands production with Beaumont plant

ExxonMobil (NYSE: XOM) on Friday posted Q3 financial results that were ahead of Wall Street estimates. Total revenues and other income were down 15% $65 billion, narrowly exceeding the street consensus of $64.7 billion. Oil-equivalent production was up 3% year-over-year to 3.9 million barrels per day. The oil and natural gas giant said its earnings … Continue reading ExxonMobil’s profits halve in Q3; firm expands production with Beaumont plant