ExxonMobil profits slip but Guyana looking good

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.

ExxonMobil profits slip but Guyana looking good ExxonMobil profits slip but Guyana looking good ExxonMobil profits slip but Guyana looking good ExxonMobil profits slip but Guyana looking good ExxonMobil profits slip but Guyana looking good

 

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.