ExxonMobil profits dip as it gives back almost $10 bn to investors

ExxonMobil profits dip as it gives back almost $10 bn to investors …C0NTINUE READING HERE >>>

ExxonMobil CEO Darren Woods described the recent dip in oil prices as reflective of lofty supply in spite of ‘record’ demand for oil and oil products.
Photo: KARIM JAAFAR / AFP/File
Source: AFP

ExxonMobil reported a dip in third-quarter profits Friday on lower earnings from its refining business, but the results were strong enough to enable nearly $10 billion in shareholder distributions.

The big US oil company, which saw upstream oil production rise following its acquisition of…

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