Exxon Mobil said its quarterly profit fell 66 percent, more than expected, from a year ago as crude and gas prices dropped and refining margins tightened. Royal Dutch Shell said its profit for the same period fell 67 percent for similar reasons, …
Exxon Mobil’s proposed $41 billion merger with XTO Energy Inc. would expand its presence in unconventional natural gas markets, amounting to "a $41 billion bet on what America’s energy future will be,”said Rep. Ed Markey, D-Mass., …