NEW YORK — Exxon Mobil’s profits fell dramatically in the third quarter as the company was hurt by lower prices for crude oil and natural gas.
The Texas oil giant reported $3.17 billion in profits in the third quarter Friday, down 49 percent from the same time last year.
Total revenue was $65.05 billion, down 15 percent from the same time last year.
Oil prices have suffered due to a prolonged trade war between the U.S. and China, which has raised concerns about a global economic slowdown.
