Exxon earnings fall on lower oil prices as OPEC+ raises production

Donald Trump

Exxon Mobil on Friday reported third quarter earnings that fell year over year, as oil prices tumbled due in large part to OPEC+ increasing production. Exxon's net income fell 12% to $7.55 billion, or $1.76 per share, compared to $8.6 billion, or $1.92 per share, in the year ago period. Excluding one-time items, the oil major posted earnings per share of $1.88. U.S. crude oil prices have fallen about 16% this year as OPEC+ is increasing production and President Donald Trump's tariffs have the

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