Exxon Profit Falls, Hurt By Weak Pricing

Core Insights - Exxon Mobil reported a decline in profit for the third quarter, primarily due to lower oil prices and increased costs, despite a rise in production from two key oil fields [1] Financial Performance - The company experienced lower profits compared to previous quarters, indicating a challenging financial environment [1] - Weaker oil prices have significantly impacted revenue generation [1] - Higher operational costs have further strained profitability [1] Production Insights - Exxon Mobil has increased production at two important oil fields, which may provide some offset to the declining profits [1]