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Oil company ExxonMobil shows a profit



The total turnover amounted to more than 290 billion dollars. That was more than $ 244 billion a year earlier.



02.Feb.19 2:36 PM
By Shawn Highstraw
Photo Exx

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Oil company ExxonMobil shows a profit
The American oil and gas company ExxonMobil has gained more profit in 2018, helped by higher oil prices. The profits of the largest oil company in the United States amounted to more than $ 20.8 billion, an increase of 6 percent.

Incidentally, the profit figure of 2017 included a billions of euros thanks to the American tax reforms. On a clean basis, a profit of 15.3 billion dollars was made that year. Earnings per share in the fourth quarter amounted to $ 1.41, while analysts averaged $ 1.08 per share.

The total turnover amounted to more than 290 billion dollars. That was more than $ 244 billion a year earlier. The production of oil and gas in 2018 averaged the equivalent of 4 million barrels per day.

The American industry partner Chevron achieved a net profit of $ 14.8 billion in 2018, against $ 9.2 billion a year earlier. Total revenue rose to more than 166 billion dollars, from 141.7 billion dollars in 2017.



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