Capital spending up, profits down in ExxonMobil’s third quarterLower downstream earnings drop company’s overall third quarter profits; merger, special expenses total $300 million; gas volumes up, liquids in decline Allen Baker PNA Contributing Writer
Exxon Mobil Corp. followed the industry pattern in the third quarter, as sharply lower income from downstream operations hurt overall results.
The Irving, Texas, company had profits of $2.64 billion, down 17 percent from the figure in the third quarter of 2001. Earnings in this year’s third quarter....
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Liquids production declines Capital spending rises
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