Oil major Exxon Mobil Corp. (XOM) reported Tuesday a profit for the fourth quarter compared to a steep loss last year, reflecting sharply lower non-cash impairments at its U.S. upstream operations. Adjusted earnings per share for the quarter topped analysts' expectations, while quarterly revenues missed them.
For the fourth quarter, the company reported net income attributable to ExxonMobil of $8.87 billion or $2.08 per share, compared to a steep net loss of $20.07 billion or $4.70 per share in the prior-year quarter.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.