NEWS ARCHIVE

Exxon takes a bath on earnings

EXXONMOBIL has been hammered on second-quarter earnings, with investors taking out their frustrations on the supermajor's stock overnight.

Quarterly earnings fell about 57% to $6.8 billion ($A7.61 billion), when compared to the previous corresponding period of $15.9 billion. It said a triumvirate of lower prices, a dip in production and...

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