Oil giant posted a 15% profit jump as oil and fuel prices climbed, but executives must now prove value of $59.5 billion deal to buy Pioneer
Exxon’s earnings were less than half of last year’s quarterly record but rose 15% from the previous quarter.On the heels of announcing its biggest acquisition in a generation, Exxon Mobil posted a $9.1 billion profit Friday, as oil and fuel prices climbed in the third quarter.
Exxon’s earnings were less than half of last year’s quarterly record but rose 15% from the previous quarter. Margins for making fuel widened and the company’s oil refineries produced more than any third quarter since 1999.This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.
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