ExxonMobil Posts $23 Bn In 2021 Profits On Higher Oil Prices

Posted on AllSides February 1st, 2022
From The Center

ExxonMobil reported a profitable fourth-quarter Tuesday to conclude a strong comeback year in 2021 on higher oil prices amid recovering energy demand.

The oil giant reported annual profits of $23 billion last year compared with a loss of $22.4 billion in 2020 when demand was dented by the Covid-19 lockdowns. High oil prices helped boost results again during the quarter, although increased costs cut into gains in some operations.

"Our effective pandemic response, focused investments during the down-cycle, and structural cost savings positioned us to realize the full benefits of...

Read full story

International Business Times

AllSides Media Bias Rating: Center
AllSides Media Bias Rating: Center
See full bias rating for International Business Times
Learn about media bias

More News about Business from the Left, Center and Right

From the Left

From the Center

From the Right