ExxonMobil 4Q earnings dive 39.6% to $1.7 bn on low oil prices
ExxonMobil
New York - Arab Today
ExxonMobil reported a big drop in fourth-quarter earnings Tuesday, as low oil and natural prices continued to weigh on results.
Net income in the fourth-quarter plunged 39.6 percent to $1.7 billion, while full year earnings fell by more than half to $7.8 billion. Results also were marred by a $2 billion asset downgrade due to low prices, much of it due to impairments in a natural gas region in the Rocky Mountains in the middle of the United States.
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