October 1, 2019 / 9:28 PM / 18 days ago

Exxon expects weak oil prices to hit third-quarter earnings

Oct 1 (Reuters) - Exxon Mobil Corp said bit.ly/2mOnOfS on Tuesday that it expects weaker crude prices to hit earnings by $400 million to $700 million in the third quarter.

The company had posted a 21% drop in second-quarter profit as sharply higher oil production was offset by weakness in its refining and chemicals businesses. (Reporting by Shanti S Nair, Shariq Khan and Arathy S Nair in Bengaluru; Editing by Anil D’Silva)

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