ExxonMobil profits take plunge; downstream operations show loss
Allen Baker PNA Contributing Writer
Lower prices and weak refinery margins pushed earnings down as the world’s biggest investor-owned oil company kicked off the first-quarter reports for the industry.
Exxon Mobil Corp. reported overall profits of $2.09 billion, a drop of 68 percent from the first quarter of 2001, when high prices, pa....
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