💰 Exxon signals strong Q4 profit to drive annual record

TL;DR

Exxon signals strong Q4 profit to drive annual record- CompaniesJan 4 (Reuters) - Exxon Mobil Corp (XOM.N) 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 gasoline and diesel business delivered about $4.9 billion of profit in the quarter as fuel prices also eased from summer highs.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.In Europe, Exxon is already legally battling the bloc against further taxes that the company says discourages investments.Exxon benefited the most after doubling down on oil during the pandemic as European rivals shifted to renewable energy projects."

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