Exxon Mobil’s Q2 income falls 52% due to low oil prices

July 31, 2015 4:27 PM

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Exxon Mobil’s Q2 income falls 52% due to low oil prices

Exxon Mobil’s (XOM) second quarter net income fell 52% to $4.2 billion, becoming the latest in a string of energy companies whose profits are sinking along with oil prices worldwide.

“Our quarterly results reflect the disparate impacts of the current commodity price environment,” said Exxon CEO Rex Tillerson in a statement released by the Irving, Texas-based company Friday.

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