Exxon Mobil Reports
According
to Factiva data, as of 10:39 a.m. ET, Exxon Mobil is one of the U.S. companies
that has been the subject of major discussion in various news outlets over the
past 12 hours. According to the latest financial report, Exxon Mobil brought in
$36 billion. Exxon's earnings are down by more than a third from their 2022
peak, but they're still well above the norm of the past few decades. The
business reported revenue of $7.6 billion in the fourth quarter, down 40
percent from the same time last year. The decrease was partially attributed to
a $2 billion impairment charge related to California regulatory issues. As
production in the Permian Basin of Guyana and West Texas reached historic
levels, Exxon highlighted its cost-cutting initiatives as production in the
Permian Basin of Guyana and West Texas and New Mexico reached record levels.
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