Exxon Third Quarter Output Drops

Reuters reported that Exxon Mobil had a 7.5 percent drop in oil and gas output in the third quarter, while earnings beat analyst expectations.

As quoted in the market report:

Exxon and other global oil producers are buying oil and gas assets in North America as they struggle to raise production in a sector where vast energy resources are tightly controlled by countries like Brazil.

To view the whole Reuters report, click here.