Feeling the impact of lower crude oil prices, ExxonMobil (XOM) said Thursday its net income plunged 68% during the third quarter, missing Wall Street’s expectations for the third consecutive quarter.

The world’s largest publicly traded company by market capitalization said it earned $4.73 billion, or 98 cents per share, last quarter, compared to $14.3 billion, or $2.85 per share, in the same period a year ago. Exxon’s revenue tumbled from $137.7 billion a year ago to $82.3 billion last quarter.

Exxon paid $4.33 billion in taxes in the quarter.

Analysts polled by Thomson Reuters had projected EPS of $1.03 on revenue of $85.16 billion.

Shares of ExxonMobil fell to $72.42 in pre-market trading after closing at $73.84 on Wednesday. The company’s stock is off by 7.5% year-to-date and 1% from a year ago.

“It really questions if the price of oil is really in tune with the global economic recovery. Based on the numbers we’re getting from Exxon, the answer is probably not,” Phil Flynn, energy analyst at BFGBest, told FOX Business.

Exxon said its third-quarter production rose 3% from a year ago on an oil equivalent basis. But the Dow component said its third-quarter drilling and extraction operations were hurt by lower crude and natural gas realizations, while its refining business was hurt by lower margins.

“Despite ongoing global economic weakness and reduced demand for products, we continued our robust investment program and delivered strong results,” Exxon CEO Rex Tillerson said in a statement.

Exxon said it expects to buy back $2 billion in stock during the fourth quarter after buying back $4.2 billion in stock last quarter.