We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Oil leak

1 November 2012 By Christopher Swann

A doubling of refining earnings helped the U.S. energy giant to a $9.6 bln Q3 profit – and a smaller decline from 2011 than pure explorers like Conoco. Exxon’s portfolio can be justified if different units smooth earnings. But in this case it’s hiding a losing bet on U.S. gas.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)