ExxonMobil's profits and revenue soar on high oil prices
CNN
In 2021, ExxonMobil posted its largest profit in seven years, as soaring energy prices added more than $100 billion in revenue to the company's top line.
The nation's largest oil company earned $23 billion for the year, compared to a loss of $1.4 billion, excluding special items, in 2020. The pandemic's widespread stay-at-home orders and business shutdowns caused demand for oil to plunge, briefly resulting in negative oil prices in early 2020.
Exxon's fourth-quarter income of $8.8 billion was about $500 million more than analysts surveyed by Refinitiv had forecast.
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