ExxonMobil earnings jump but miss estimates; shares fall

Higher oil prices drove increased profits for US oil giant ExxonMobil, but the earnings report Friday missed analyst expectations due to natural gas outages and refining downtime. The results follow jumps in profits for Royal Dutch Shell and Total reported Thursday and illustrate the bounce from oil prices. The company said natural gas output was especially weak, diving 10 percent, due in part to downtime in Qatar, Australia and Papua New Guinea.

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