Exxon profit plunges 52% on low oil prices

Exxon Mobil delivered quarterly earnings that fell short of analysts' expectations on Friday, hurt by lower oil prices.

The world's largest publicly traded oil company posted second-quarter net income of $4.2 billion, or $1 per share, a 52 percent decrease compared to $8.8 billion, or $2.05 per share, last year, according to CNBC.

Revenue dropped to $74.1 billion from $111.7 billion a year earlier.

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