( ) -q-16- UNDATED (Correspondent Jeremy House) “Arabia and Russia.” Exxon Mobil’s fourth-quarter revenue and profits declined as the oil giant was weighed down by a hefty impairment charge tied to regulatory issues in California. [CutID: <Cuts> EXXON-PROFIT-house-q-FRIam.mp3 Time: 16s Title: EXXON-PROFIT-house-q-FRIam Out-cue: Arabia and Russia] TAG: Correspondent Jeremy House reporting. In addition, the war […]
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Exxon overcomes falling crude prices in Q4 to top profit expectations
( ) -q-16- UNDATED (Correspondent Jeremy House) “Arabia and Russia.”
Exxon Mobil’s fourth-quarter revenue and profits declined as the oil giant was weighed down by a hefty impairment charge tied to regulatory issues in California.
[CutID: <Cuts> EXXON-PROFIT-house-q-FRIam.mp3
Time: 16s
Title: EXXON-PROFIT-house-q-FRIam
Out-cue: Arabia and Russia]
TAG: Correspondent Jeremy House reporting. In addition, the war between Israel and Hamas still potentially runs the risk of igniting a broader conflict in the Middle East.
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VERBATIM: Despite the declines, Exxon posted a healthy adjusted profit. And smaller rival Chevron also posted quarterly earnings that beat results. Both companies also raised their dividends. Oil markets are being stretched by cutbacks in oil production from Saudi Arabia and Russia.