Saturday, February 22, 2025
Exxon Mobil's profit tumbled 30% in 2019, 5% in final quarter-oil and gas 360

Exxon Mobil’s profit tumbled 30% in 2019, 5% in final quarter

Houston Chronicle Exxon Mobil’s fourth-quarter profit declined by 5 percent, capping a year in which earnings plunged by more than 30 percent. The company’s $5.7 billion profit in the fourth quarter lagged the previous year on weaker sales and pricing in its petrochemical and refining divisions. For the year, Exxon earned $14.3 billion, down from $20.8 billion in 2018, despite