ExxonMobil profit plunges 65 per cent

WASHINGTON: ExxonMobil, the largest US oil producer, on Thursday reported a 68 per cent drop in third-quarter profit from a year ago to 4.73 billion dollars following lower fuel demand amid an economic slump.

It was the fourth quarterly earnings drop for the company and equivalent to 98 cents a share, down from 14.83 billion dollars, or 2.85 dollars a share, a year earlier.

Revenue slumped 40 per cent to 82.3 billion dollars from 137.7 billion dollars.