Exxon soars to record annual profit as analyst calls Permian Basin ‘key part’ of growth
Yahoo! Finance
Exxon Mobil Corp. reported mixed quarterly results on Tuesday, but Wall Street eyed its production hopes in West Texas’s Permian Basin and liked what it saw. Exxon (XOM) on Friday reported adjusted per-share earnings of $3.40 for its fourth quarter, ahead of FactSet consensus for $3.29 a share, and revenue of $95.429 billion, below the $97.345 billion that the analysts polled by FactSet expected. The oil company also reported record annual earnings of $55.7 billion for 2022 in its quarterly r...
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