CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header

Local

Exxon Mobil’s Q3 Profit Falls 18 Percent

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

From Our CBS Music Web Sites

167944374 10 Exxon Mobils Q3 Profit Falls 18 PercentCelebrity Mug Shots

181572784 8 Exxon Mobils Q3 Profit Falls 18 PercentFunny Faced Cheerleaders

 alt=Musicians Then And Now

456131094 10 Exxon Mobils Q3 Profit Falls 18 PercentPHOTOS: George Clooney’s Wedding Weekend

 alt=Michael Phelps Arrested For DUI...Again

cowb thumb Exxon Mobils Q3 Profit Falls 18 PercentCowboys Cheerleaders

A sign at an Exxon gas station in Miami, Florida. (credit: Eric Thayer/Getty Images)

(credit: Eric Thayer/Getty Images)

NEW YORK (CBSDFW.COM) - Exxon Mobil’s profit is down 18 percent from last year, but the oil and gas giant is still making nearly $8 billion in three months.

Production is slightly higher, but the biggest U.S. oil and gas company is making less money at refining because of thinner profit margins.

Exxon Mobil said Thursday that third-quarter net income was $7.87 billion, or $1.79 per share. That compares with $9.57 billion, or $2.09 per share, a year earlier. Revenue was down 2 percent to $112.37 billion.

The results are a bit better than expectations. Analysts were forecasting profit of $1.77 per share on revenue of $107.39 billion.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Latest News:

Top Trending: