exxonmobil 4q earnings dive 396 to 17 bn on low oil prices
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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ExxonMobil 4Q earnings dive 39.6% to $1.7 bn on low oil prices

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Arab Today, arab today ExxonMobil 4Q earnings dive 39.6% to $1.7 bn on low oil prices

ExxonMobil
New York - Arab Today

ExxonMobil reported a big drop in fourth-quarter earnings Tuesday, as low oil and natural prices continued to weigh on results.

Net income in the fourth-quarter plunged 39.6 percent to $1.7 billion, while full year earnings fell by more than half to $7.8 billion. Results also were marred by a $2 billion asset downgrade due to low prices, much of it due to impairments in a natural gas region in the Rocky Mountains in the middle of the United States.

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exxonmobil 4q earnings dive 396 to 17 bn on low oil prices exxonmobil 4q earnings dive 396 to 17 bn on low oil prices

 



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exxonmobil 4q earnings dive 396 to 17 bn on low oil prices exxonmobil 4q earnings dive 396 to 17 bn on low oil prices

 



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