Oil giant ExxonMobil has reported a 46% decline in its quarterly earnings.
The company said it had seen a steep drop in crude prices which had cut into profits.
It had a first quarter profit of $4.9billion, compared with $9.1billion.
Exxon said its oil and natural gas output was 4.2million barrels oil equivalent per day – an increase of 97,000 barrels from a year earlier.
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