Exxon Third Quarter Output Drops

- November 1st, 2012

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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