ExxonMobil Corp yesterday said that it expected earnings from its oil and gas production to slow down in the fourth quarter from the prior quarter.
The largest U.S. oil producer posted earnings of US$12.4 billion from the unit in the third quarter, according to a securities filing, Reuters reported yesterday.
Meanwhile, Bloomberg yesterday reported ExxonMobil as saying that lower oil and natural gas prices had a negative impact on fourth-quarter earnings of about US$3.7 billion compared with the preceding three months.
