Oil fell to a 16-month low below $100 a barrel on Friday as weak US jobs data, poor manufacturing figures from China and a spiralling euro zone debt crisis deepened worries over the prospects for global economic growth.
Showing posts with label US oil. Show all posts
Showing posts with label US oil. Show all posts
Sunday, June 3, 2012
Thursday, July 28, 2011
Exxon profits up on higher oil prices
US oil giant Exxon Mobil has reported a rise in quarterly profits on the back of higher oil prices.
The company said that net profit rose to $10.7bn (£6.6bn) for the three months to June, up 41% from the same period last year.
The profit was its largest since the third quarter of 2008. The firm said production had risen by 10%.
The company said that net profit rose to $10.7bn (£6.6bn) for the three months to June, up 41% from the same period last year.
The profit was its largest since the third quarter of 2008. The firm said production had risen by 10%.
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