Exxon reports $4.94bn in first-quarter profits – the weakest for the oil giant since 2009 – as world oil prices continue to drop
Lower oil prices pushed Exxon Mobil ’s first-quarter profit down 46%, but the results still beat Wall Street expectations.
Exxon said on Thursday that it earned $4.94bn, a huge sum, but the weakest first quarter for the oil giant since 2009. A year earlier, Exxon earned $9.10bn.
Related: BP and Shell to report 60% collapse in first-quarter profits