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Exxon Mobil Posts Lowest Profit of the Century

April 29th, 2016

Episode 452 of 879 episodes

Exxon Mobil said its quarterly profit fell 63 percent to the lowest level since 1999, the year when Exxon merged with Mobil and nearly doubled in size. But the Wall Street Journal's Bradley Olson says the results topped estimates, noting that energy prices have rallied.