Exxon Falls After Reporting Lowest Output in Five Years
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Exxon Mobil Corp. fell after reporting oil and natural gas production declined to the lowest level in almost five years, raising the stakes as it seeks to pursue crude deposits in Russia.
The world’s largest energy company dropped 4.2 percent to $98.94 at the close in New York, the biggest slide in almost three years, after reporting second-quarter earnings that beat analysts’ estimates.