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Text size [+][-]  Tuesday February 9 2010GLOBAL EDITION

Considered view
30 Oct 2008 19:55

Drilling down

Context News

Exxon Mobil reported third-quarter earnings of $14.8bn, up 58% from a year ago. The company increased capital and exploration spending by 26% and returned $10.1bn to shareholders in the form of dividends and share buybacks.

Production declined 8% from the third quarter of 2007

The oil giant raked in a Q3 profit of $14.8bn. With oil peaking in July and staying above $100 a barrel for most of the quarter, it’s no surprise Exxon once again broke its earnings record. But lower production and falling prices could make this trend hard to sustain.

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More stories by:  Aliza Rosenbaum






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