Don't Cry For Exxon's 18% Drop In Profit, Royal Dutch Shell's Tanked 32% In The Third Quarter

Few companies can see their stock rally in the face of an 18% drop in profit.  Energy supergiant Exxon Mobil is one of those, topping estimates and earning nearly $8 billion this quarter as crude oil production and pricing improved, despite a dramatic fall in downstream profitability due to horrible refining margins.  The company is also fully engaged in global expansion, drilling in Argentina?s rich shale plays, offshore in Brazil, in Siberian Russia, and ramping up onshore production in the ...