ExxonMobil’s Q3 profits slip as it rewards investors with nearly US$10b payouts

Exxonmobil News

ExxonMobil’s Q3 profits slip as it rewards investors with nearly US$10b payouts
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NEW YORK, Nov 1 — ExxonMobil reported a dip in third-quarter profits today on lower earnings from its refining business, but the results were strong enough to enable nearly US$10...

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‘We’re not playing Robin Hood’: PM Anwar says Putrajaya not robbing the rich, but taxing the elites to help the poor is fair game The big US oil company, which saw upstream oil production rise following its acquisition of Pioneer Natural Resources, pointed to the benefits of US$11.3 billion in “structural cost savings” as a driver of the results.

While earnings were higher in upstream and chemical products, ExxonMobil saw a big drop in energy products results due to weakened refinery margins.

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