ExxonMobil primed for growth despite result

EXXONMOBIL wrote down its Rocky Mountain gas interests by $US2 billion ($A2.6 billion) as its production unit had its ninth straight quarter of year-over-year profit decline, but hope comes from the potential to double its Permian Basin production.

ExxonMobil primed for growth despite result ExxonMobil primed for growth despite result ExxonMobil primed for growth despite result ExxonMobil primed for growth despite result ExxonMobil primed for growth despite result
The writedown cut fourth-quarter profits to $1.68 billion, down from $2.78 billion a year earlier and 40% lower than the average estimate of 21 analysts polled by Bloomberg.