[Reuters] – (Reuters) – Exxon Mobil Corp (XOM), the world’s largest publicly traded oil company by market value, posted lower-than-expected quarterly profit on Thursday as it failed to offset declining production with fresh reserves. Shares of Exxon fell nearly 2 percent to $93.28 in morning trading. The problem of declining production has become endemic for multinational energy groups, with legacy oil and natural gas wells producing much less. Exxon’s … [visit site to read more]
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