Profits cut in half again last year at ExxonMobil

The US-based oil major not only handed its CEO over to US President Trump at the end of last year, but also impaired dry gas operations in the Rocky Mountains by billions of dollars.

Photo: /ritzau/LM OTERO

USD 7.84 sounds like a fair amount of money. And it is, unless you happen to be the world's largest, privately held oil company, which is the case at ExxonMobil. For the US oil behemoth, the 2016 profit of USD 7.84 (EUR 7.3 billion) presented Tuesday, is most notable for being only half the size of the USD 16.2 billion profit in 2015. Also noteworthy is that the 2015 profit was only half of the USD 32.5 billion earned in 2014.

Whether you consider it a lot of money or not, this is the 2016 result, informs ExxonMobil.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ørsted aims to be number one on carbon capture

The utility hopes to win the Danish carbon capture and storage tender with a plan to capture 400,000 tonnes of CO2 by 2025 from the company’s biomass-fired combined heat and power stations.

Nordex downgrades forecast

The German turbine manufacturer has had a rougher start to 2022 so far than expected, prompting the company to downgrade guidance by EUR 200m at minimum.

Further reading

Related articles

Latest News

See all jobs