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Exxon Mobil Corp.’s (NYSE: XOM) most recent earnings report was its worst since 2010. The company saw a 21% decline in Q4 revenues and profits. It earned $6.57 billion on revenue of $87.28 billion. That’s a big drop from $8.35 billion in profits on revenue of $110.86 billion earned a year ago.
Exxon isn’t alone. BP plc (NYSE ADR: BP) raked in 9.5% less revenue in 2014 than 2013. Chevron Corp.’s (NYSE: CVX) total earnings were 10.3% lower last year than they were in 2013.