{"id":465464,"date":"2022-02-02T09:20:37","date_gmt":"2022-02-02T03:50:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=465464"},"modified":"2022-02-02T09:45:45","modified_gmt":"2022-02-02T04:15:45","slug":"exxon-mobil-returns-to-q4-profit-as-oil-demand-continues-to-improve","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/exxon-mobil-returns-to-q4-profit-as-oil-demand-continues-to-improve\/","title":{"rendered":"Exxon Mobil returns to Q4 profit as oil demand continues to improve"},"content":{"rendered":"<p>Exxon Mobil returned to a profit in its fourth quarter as demand for oil continues to improve.<\/p>\n<p>The oil and natural gas company earned $8.87 billion, or $2.08 per share for the final three months of 2021. A year earlier it lost $20.07 billion, or $4.70 per share.<\/p>\n<p>Removing certain items, earnings were $2.05 per share. Analysts polled by Zacks Investment Research expected a profit of $1.96 per share, on average.<\/p>\n<p>Exxon does not adjust its reported results based on one-time events such as asset sales.<\/p>\n<p>Exxon is capitalising on a resurgence in oil demand following a slowdown during the pandemic. Crude is up 17% so far this year, and Exxon is up 24%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Exxon Mobil returned to a profit in its fourth quarter as demand for oil continues to improve. The oil and natural gas company earned $8.87 billion, or $2.08 per share for the final three months of 2021. A year earlier it lost $20.07 billion, or $4.70 per share. Removing certain items, earnings were $2.05 per share. Analysts polled by Zacks Investment Research expected a profit of $1.96 per share, on average. Exxon does not adjust its reported results based on one-time events such as asset sales. Exxon is capitalising on a resurgence in oil demand following a slowdown during the [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-465464","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/465464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=465464"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/465464\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=465464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=465464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=465464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}