Exxon Sales Down, Earnings Up

Exxon Corp., the world’s largest oil company, today reported that its third-quarter earnings rose 6%, on sales that fell 23%.

Exxon said it earned $1.055 billion, or $1.46 per share, on third-quarter sales of $17.18 billion. That compared with a profit of $995 million, or $1.33 per share, in the third quarter of 1985 on $22.3 billion in revenue.