OPERATIONS

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

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.   The impairment resulted...

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