{"id":265320,"date":"2010-02-02T08:55:11","date_gmt":"2010-02-02T13:55:11","guid":{"rendered":"http:\/\/www.earthportal.org\/news\/?p=3100"},"modified":"2010-02-02T08:55:11","modified_gmt":"2010-02-02T13:55:11","slug":"exxon-profits-fell-23-in-fourth-quarter","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/265320","title":{"rendered":"Exxon profits fell 23% in fourth quarter"},"content":{"rendered":"<p><a href=\"http:\/\/www.nytimes.com\/2010\/02\/02\/business\/02oil.html?ref=energy-environment\" ><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/graphics8.nytimes.com\/images\/2010\/02\/02\/business\/02oil_CA0\/articleLarge.jpg\" width=\"338\" align=\"right\" height=\"184\" \/><\/a><a href=\"http:\/\/eenews.net\/Greenwire\/2010\/02\/01\/19\/\" >Greenwire<\/a>: Profits at Exxon Mobil Corp., the world&#8217;s largest publicly traded oil company, dipped 23 percent in the fourth quarter of 2009, the company said today.<\/p>\n<p>The company reported net income of $6.05 billion, or $1.27 a share, for the previous quarter. The company posted net income of $7.82 billion, or $1.54 a share during the same period last year.<\/p>\n<p>For the full year, Exxon&#8217;s profit dropped 56 percent to $19.4 billion, compared with $44 billion in 2008.<\/p>\n<p>Still, while much of the industry was retracting, Exxon expanded. The company increased its capital spending plan for the year by 4 percent to $27.1 billion. Its production of oil and gas went up 2 percent from the same quarter a year ago.<\/p>\n<p>But the company&#8217;s global refining business, hurt by weaker oil prices and lower refining margins, lost $189 million in the fourth quarter.<\/p>\n<p>The company continues to make investments for new contracts. It announced its $31 billion purchase of XTO Energy Inc., a top U.S. shale producer, in December. Exxon also was the first U.S. company to gain a toehold in Iraq&#8217;s oil fields after it won a bid for the West Qurna Phase 1 field with Royal Dutch Shell PLC. The companies plan to boost the field&#8217;s output to 2.325 million barrels a day, up from 279,000 barrels a day (Jad Mouawad, <a href=\"http:\/\/www.nytimes.com\/2010\/02\/02\/business\/02oil.html?ref=energy-environment\" ><em>New York Times<\/em><\/a>, Feb. 1). <strong>&#8211; DFM<\/strong><\/p>\n<p class=\"akst_link\"><a href=\"http:\/\/www.earthportal.org\/news\/?p=3100&amp;akst_action=share-this\"  title=\"E-mail this, post to del.icio.us, etc.\" id=\"akst_link_3100\" class=\"akst_share_link\" rel=\"nofollow\">Share This<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greenwire: Profits at Exxon Mobil Corp., the world&#8217;s largest publicly traded oil company, dipped 23 percent in the fourth quarter of 2009, the company said today. The company reported net income of $6.05 billion, or $1.27 a share, for the previous quarter. The company posted net income of $7.82 billion, or $1.54 a share during [&hellip;]<\/p>\n","protected":false},"author":4055,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,7],"tags":[],"class_list":["post-265320","post","type-post","status-publish","format-standard","hentry","category-energy","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/265320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4055"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=265320"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/265320\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=265320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=265320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=265320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}