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
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.

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