Exxon Mobil posts 56% profit slump in second quarter, joins peers in energy price hit

Exxon Mobil Corp XOM-N joined its rivals reporting a 56 per cent slump in second quarter profit from a year ago, hurt by a drop in energy prices, in line with the midpoint of the company’s earnings preview released earlier this month. Oil majors’ profits fell sharply in the quarter from record…

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