Exxon Mobil Corp. on Thursday reported its lowest profit in nearly six years, a 66 percent plunge from the second quarter a year ago as the world's biggest publicly traded oil company confronted sharply lower crude and gas prices and anemic demand for refined products.
For the king of corporate profit records, it marked the third straight quarter for lower year-over-year earnings, providing a clear picture of how demand for oil and gasoline has evaporated.
Exxon Mobil, based in Irving, Texas, said earnings for the April-June period came to $3.95 billion, or 81 cents a share. That was down from $11.68 billion, or $2.22 a share, a year ago, a record at the time.
Excluding …
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