{"id":632772,"date":"2024-02-03T09:56:57","date_gmt":"2024-02-03T04:26:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=632772"},"modified":"2024-02-03T12:30:49","modified_gmt":"2024-02-03T07:00:49","slug":"exxon-mobil-beats-estimates-ends-2023-with-a-36-billion-profit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/exxon-mobil-beats-estimates-ends-2023-with-a-36-billion-profit\/","title":{"rendered":"Exxon Mobil beats estimates, ends 2023 with a $36 billion profit"},"content":{"rendered":"<p>Exxon Mobil on Friday posted a better-than-expected $36 billion profit for 2023, lifted by fuels trading and higher oil and gas production. <\/p>\n<p>Profits from oil majors have been down in 2023 by about a third from record levels in 2022, pressured as oil and gas prices retreated after spiking when Russia invaded Ukraine. <\/p>\n<p>Exxon Chief Executive Darren Woods said the industry &#8220;saw energy prices and refining margins start to normalize in 2023.&#8221; Exxon&#8217;s earnings in the latest quarter still beat estimates and Woods signaled optimism about the coming year. He raised Exxon&#8217;s spending target after boosting capital spending in the most recent quarter by 4% from a year ago.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Exxon Mobil on Friday posted a better-than-expected $36 billion profit for 2023, lifted by fuels trading and higher oil and gas production. Profits from oil majors have been down in 2023 by about a third from record levels in 2022, pressured as oil and gas prices retreated after spiking when Russia invaded Ukraine. Exxon Chief Executive Darren Woods said the industry &#8220;saw energy prices and refining margins start to normalize in 2023.&#8221; Exxon&#8217;s earnings in the latest quarter still beat estimates and Woods signaled optimism about the coming year. He raised Exxon&#8217;s spending target after boosting capital spending in 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-632772","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\/632772","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=632772"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/632772\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=632772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=632772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=632772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}