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ExxonMobil earns US$1.8 billion in 1Q16

eaCorporation has announced an estimated 1Q16 earnings of US$1.8 billion, or US$0.43 per diluted share, compared with US$4.9 billion a year earlier. The impacts of sharply lower commodity prices and weaker refining margins were partly offset by strong chemical results.

“The organisation continues to respond effectively to challenging industry conditions, capturing enhancements to operational performance and creating margin uplift despite low prices,” said Rex W. Tillerson, Chairman and Chief Executive Officer. “The scale and integrated nature of our cash flow provide competitive advantage and support consistent strategy execution.”

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