http://finance.yahoo.com/news/Exxon-...sset=&cco de=
Awwwwwwwwwwww poor them
Exxon Mobil Corp (NYSE:XOM - News) reported a steeper-than-expected drop in quarterly profit as natural gas and crude oil prices slid from a year ago and the global recession hurt demand for fuel.
Exxon shares fell 1.6 percent in early trading.
Exxon, which raked in record profits last year, has seen earnings wither as crude oil prices have fallen by more than half from a year ago. Refiners have also seen margins under pressure as weakness in industrial demand for fuels like diesel has caused a buildup in stockpiles.
"It looks disappointing," said Phil Weiss, an analyst at Argus Research. "They missed on margins and production."
Exxon, the world's largest publicly traded oil company, said second-quarter net income was $3.95 billion, or 81 cents per share, down from $11.68 billion, or $2.22 per share, a year earlier.
