Tuesday, January 31, 2017

Impairment losses drag down Exxon’s earnings – Business

The american oil company Exxon Mobil reported earnings per share of 0:41 dollars for the fourth quarter of 2016.

the Analysts ‘ expectations were a result of 0:70 dollars per share, according to Bloomberg News snittprognos.

the Sale was 61,0 billion dollars. Expected this was a sales of eur 62.2 billion dollars, according to Bloomberg prognossammanställning.

the Company took in the fourth quarter an impairment loss of $ 2 billion in the so-called “upstream”segment in the US, which had a negative impact on the quarter’s net income that was 1.680 million dollars for the Exxon group.


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