Oil’s Big Five Squeezed by Crude Drop as Spending Soars

Oil’s Big Five Squeezed by Crude Drop as Spending Soars

Michael Nagle/Bloomberg

Light trails from moving vehicles are seen as they a pass an Esso gas station, operated by Exxon Mobil Corp, in Munich. Exxon will post net income of $9.25 billion, compared with $9.45 billion a year earlier, according to the average of four estimates compiled by Bloomberg.