Exxon oil production struggles for growth
By Sheila McNulty in Houston and Carola Hoyos in London
Published: May 1 2008 14:55 | Last updated: May 1 2008 23:09
ExxonMobil, long regarded by its peers and investors as the most
successful interational oil company, is beginning to show signs of
weakness, revealing on Thursday that it is struggling to increase oil
production and to squeeze profit out of its refining business.
The world's biggest energy group announced a first-quarter record
profit of $10.9bn but its oil production fell almost 10 per cent in