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    market news

    Exxon Third Quarter Output Drops

    Investing News Network
    Nov. 01, 2012 09:40AM PST
    Oil and Gas Investing

    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.

    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.

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