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ExxonMobil presented devastating results

With a drop in earnings of USD 2.5 billion, the largest oil company in the Western world delivered its worst financial result since the merger between Exxon and Mobil.
Photo: /ritzau/LM OTERO
Photo: /ritzau/LM OTERO
BY MAZ PLECHINGER, ENERGIWATCH

Earnings are at an all-time low for the US oil giant ExxonMobil. The USD 1.7 billion result for the second quarter this year not only constitutes a decline of USD 2.5 billion compared to the same period last year, it is also the company's worst result since the merger of Exxon and Mobil back in 1999.

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