Exxon's quarterly profit down 18 percent, refining hurts

Thu Oct 31, 2013 8:08am EDT

Oct 31 (Reuters) - Exxon Mobil Corp, the world's largest publicly traded oil company, on Thursday reported an 18 percent decrease in quarterly profit on weak refining margins.

Profit in the third quarter was $7.87 billion, or $1.79 per share, compared with $9.57 billion, or $2.09 per share, in the same period a year earlier.

Oil and natural gas output in the quarter rose 1.5 percent from a year earlier, the Irving, Texas, company said.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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