Tolerance.ca
Looking inside ourselves and out at the world
Independent and neutral with regard to all political and religious orientations, Tolerance.ca® aims to promote awareness of the major democratic principles on which tolerance is based.

Exxon's 1Q Profit Plunges 63 Percent on Lower Oil Prices

Exxon Mobil produced its weakest quarter in more than 16 years as lower oil prices pushed its profit down by 63 percent. Revenue tumbled 28 percent, and the oil giant lost money in its vaunted exploration and production business despite a 2 percent increase in production. It made more money, however, in chemicals.   Exxon continued to slash capital spending to cope with lower prices, which this week cost the company the perfect AAA credit rating that it had held for more than six...

Read complete article
© Voice of America -


Follow us on ...
Facebook Twitter