EnergyWatch

US oil giant in the red after a disappointing bottom line

Exxon Mobile's second quarter production was recorded at 3.647 million barrels of oil equivalent against analysts' expectations for 3.83 million. 

Photo: /ritzau/AP/Matt Brown/Arkiv

US oil company Exxon Mobil was far off mark of market expectations for Q2 and presented a underwhelming bottom line profit.

Investors are now punishing the company by sending the share price down by 3.3 percent in early market trading.

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