Exxon stung by low natural gas prices, declining production

Oil   Natural Gas
By Chris Kahn on July 27, 2012

NEW YORK (AP) — A jump in Exxon Mobil's net income couldn't mask broader problems for America's largest oil company.

The Irving, Texas petroleum giant said its second-quarter net income rose 49 percent to $15.9 billion. But most of the gain came from $7.5 billion in asset sales.

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