Exxon Mobil Could Be On The Brink Of 'Irreversible Decline'

Exxon Mobil Corp. may be facing “irreversible decline” as the oil giant fails to cope with low oil prices and mounting debt, a report released Wednesday found.

The Texas-based company, scheduled to report its third-quarter earnings on Friday, has suffered a 45 percent drop in revenue over the past five years as it bet big on drilling in oil sands, the Arctic and deep-sea sites ― decisions that proved expensive, environmentally risky and politically controversial.