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    Exxon Mobil’s earnings slide in 2d quarter

    Exxon last posted quarterly earnings under $7 billion in the first quarter of 2010.
    Associated Press
    Exxon last posted quarterly earnings under $7 billion in the first quarter of 2010.

    Exxon Mobil reported its lowest quarterly profit since 2010, as it struggled to boost production and results from its oil refining operations weakened. Net income fell to $6.86 billion, or $1.55 per share, down from $15.9 billion a year ago. Analysts expected $1.90 per share. Revenue fell 16 percent, to $106.47 billion. Exxon pointed a finger at the global economy, saying growth in the US remained sluggish, China’s economy grew slower than expected, and Europe remained weak.

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