EXXONMOBIL reported a 21% drop in earnings in the second quarter from US$3.9 billion last year to US$3.13 billion this year despite a total production increase of 7% to 3.9 million barrels of oil equivalent per day.
The upstream and downstream giant said its increase in production was offset by a weaker refining and chemicals margins.
It had a free cash flow shortfall of $2.
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