[Ost-news] Exxon oil production struggles for growth

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Exxon oil production struggles for growth  
By Sheila McNulty in Houston and Carola Hoyos in London

Published: May 1 2008 14:55 | Last updated: May 1 2008 23:09

ExxonMobil, long regarded by its peers and investors as the most  
successful interational oil company, is beginning to show signs of  
weakness, revealing on Thursday that it is struggling to increase oil  
production and to squeeze profit out of its refining business.

The world's biggest energy group announced a first-quarter record  
profit of $10.9bn but its oil production fell almost 10 per cent in

[read more][1]

    [1]: http://oilsandstruth.org/exxon-oil-production-struggles-growth

URL: http://oilsandstruth.org/exxon-oil-production-struggles-growth