OlympicsMarathon Oil Coporation
Nov 2, 2007
Exxon Mobil profit: $9.4 billion, down 10 percent
“While our upstream business benefited form the increase in crude oil prices, it was a challenging quarter for the downstream segment as the significant increase in crude costs compressed margins”
Exxon Mobil Corp., the world's largest oil company, today reported a 10 percent drop in quarterly net income because of lower refining and chemical margins that high oil prices couldn't overcome. via Houston Chronicle
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