ExxonMobil, the largest US oil producer, today reported a 68% drop in third quarter profit from a year ago to $4.73 billion following lower fuel demand amid an economic slump.
It was the fourth quarterly earnings drop for the company and equivalent to 98 cents a share, down from $14.83 billion, or 2.85 dollars a share, a year earlier.
Revenue slumped 40% to $82.3 billion from $137.7 billion.
