Now that prices are lower, some of the most expensive oil exploration and development projects could be imperiled, reports Steven Mufson for the Washington Post. But even with the recent fall in oil prices, many of the giants in the industry are still on pace to have full-year earnings that will shatter records.
In terms of seconds, Exxon earned about $1,800 a second in the third quarter.
Energy Select Sector SPDR (XLE) is down 36.3% year-to-date. Chevron is 11.5%, and Exxon is 16.7%.