New York
Mahaz News Business
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ExxonMobil’s earnings slowed from a peak earlier within the yr however the oil big nonetheless reached a full-year file revenue greater than double what it reported a yr in the past.
The firm earned adjusted revenue of $14 billion, down from the file $18.7 billion it earned within the third quarter, but it surely was up from $8.8 billion within the fourth quarter of 2021. That was additionally higher than the forecast from analysts surveyed by Refinitiv.
The stable fourth quarter lifted full-year earnings to $59.1 billion from $23 billion in 2021. The firm was helped by hovering oil costs following Russia’s invasion of Ukraine almost a yr in the past. But oil costs have been coming down from the height reached in June.
This is a creating story and shall be up to date.
Source web site: www.cnn.com
