ExxonMobil beats forecasts


Issue 478 - 17 Feb 2023 | 2 minute read

ExxonMobil reported adjusted net income of $14bn in Q4 2022, beating most forecasts and contributing strongly to the $59bn annual earnings record. This surplus has allowed the ‘Big Unit’ to drive down debt (to the tune of nearly $30bn last year) reducing gearing down to just 5%.

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