Exxon Mobil Corp on Wednesday signaled another strong operational profit of about $15.4 billion in its fourth quarter, pushing it toward a record take for all of 2022.
on Wednesday signaled another strong operational profit of about $15.4 billion in its fourth quarter, pushing it toward a record take for all of 2022.
The largest U.S. oil producer indicated in a securities filing a cooling from its massive profits from the prior quarters. But preliminary operational results confirmed 2022 was Exxon's best financial year with profits of around $58 billion.Operational results from pumping oil and gas, its largest business, retreated about $2.3 billion from the record $12.4 billion in the third quarter as crude prices fell.
The gasoline and diesel business delivered about $4.9 billion of profit in the quarter as fuel prices also eased from summer highs. Chemical profits decreased to about $300 million, while motor oils profits were unchanged at about $800 million.The about $15.4 billion in operating profits excluding impairments indicates annual results will far exceed the record $45 billion Exxon posted in 2008, when oil prices peaked at $142 per barrel.
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