85 Exxon Mobil Corporation has reported robust earnings for the fourth quarter of 2023, totaling $7.6 billion, or $1.91 per share assuming dilution. However, these results were impacted by unfavorable identified items, including a $2.0 billion impairment due to regulatory obstacles in California, preventing the operation of production and distribution assets. Despite these challenges, favorable tax and divestment-related items partly offset the impairments. Excluding identified items, earnings stood at $10.0 billion, or $2.48 per share assuming dilution. For the full year 2023, ExxonMobil reported earnings of $36.0 billion, or $8.89 per share assuming dilution, demonstrating the company’s resilience and strong performance despite regulatory hurdles. You Might Be Interested In China’s Economic Targets Draw Scepticism; UK Banks Alerted Over Erroneous Companies House Filings Delta Air Lines CEO: SkyMiles backlash is heard, changes coming India’s Growing Affluence Fuels Surge in Consumer Spending, Driving Shift Towards a Consumption-Focused Economy Delta Air Lines’ Resilience Amid Challenges Sets Stage for Strong Recovery and Potential Growth Zoho CEO Sridhar Vembu calls for increased R&D in India NCP inks deal with Al-Rajhi Bank to drive public-private partnership
