Exxon Signals Fourth Quarterly Profit in a Row Despite Charges

Exxon Signals Fourth Quarterly Profit in a Row Despite Charges
A logo of the Exxon Mobil Corp. is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil, on Sept. 24, 2018. Sergio Moraes/Reuters
Reuters
Updated:

HOUSTON—Exxon Mobil Corp. on Thursday signaled a return to annual profit for 2021 as stronger oil and gas prices drove a gain of up to $1.9 billion in operating profits that exceeded one-time charges.

The largest U.S. oil producer issued a snapshot of final quarter results that showed it expects sequentially higher profit from oil and gas production. Operating profits in refining and chemicals will be flat to lower, a securities filing showed. Official results are due out Feb. 1.