29.04.2016 - Exxon Mobil's profit was the lowest since 1999

The largest US oil company Exxon Mobil has published a report according to which the profit for the first quarter was the lowest since 1999. And it fell by 63% compared with the same period last year - 1.81 billion dollars. Revenue fell by 28% to 48.71 billion dollars. Capital expenses of the company decreased by 33% compared with the previous year. In the second quarter, the situation is likely to improve due to rising oil prices. In the coming weeks we can see a fall in the price, but until the end of the year we expect to see an increase of 20-25%.

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