Exxon's quarterly profit down 18 percent, refining hurts

Reuters

Oct 31 (Reuters) - Exxon Mobil Corp, the world'slargest publicly traded oil company, on Thursday reported an 18percent decrease in quarterly profit on weak refining margins.

Profit in the third quarter was $7.87 billion, or $1.79 pershare, compared with $9.57 billion, or $2.09 per share, in thesame period a year earlier.

Oil and natural gas output in the quarter rose 1.5 percentfrom a year earlier, the Irving, Texas, company said.

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