Exxon Mobil reported, in a balance sheet released on Tuesday (1), profit that exceeded market expectations in the fourth quarter of 2021, amid the continued recovery in demand for oil after the crisis caused by the coronavirus.
According to the document, the company recorded net income of US$ 8.87 billion between October and December of last year, reversing a loss of US$ 20.070 billion in the same period of 2020.
The result equates to a gain of $2.08 per share, or $2.05 in adjusted terms, which beats the consensus of analysts polled by FactSet, who had predicted $1.94 per share.
Revenue of $84.97 billion, on the other hand, was below the market forecast of $85.01 billion, but represented an 82% jump year-on-year.
The oil company also informed that it has started a share buyback program totaling US$ 10 billion over the next 12 to 14 months.
Source: CNN Brasil
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