Crude Production Heads Exxon's Efforts, But LNG Coming on Strong

摘要

Exxon Mobil is producing more oil and natural gas liquids in the US and Canada at a higher price, but those higher prices are hurting the refining sector, especially when product prices are lower, the company said last week. Low natural gas prices in the US are prompting lower US gas production as Exxon focuses on oil and natural gas liquids. The result was an 18% drop in net income and 14% decline in the Big Tiger's third quarter results.