7 years ago
Exxon Mobil posts $8.4 billion profit, largely from new tax law
The nation's largest energy company said it earned an $8.4 billion in the last three months of the years, up from $1.7 billion during the same period in 2016. Revenues jumped 18 percent from the previous years to $66.5 billion. Exxon Mobil received nearly $6 billion in tax benefits for the quarter which were offset by the $1.3 billion write-down in the value of older dry gas assets that lacked potential.
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