ExxonMobil cites US tax reform as catalyst for $50-billion investment plan

Posted on February 2, 2018 at 6:06 pm.

ExxonMobil Corp.’s US upstream earnings recorded a loss of $429 million for full-year 2017, excluding US tax reform and impairments. With $7.6 billion of tax reform benefits and $521 million in asset impairments, the supermajor reported $6.6 billion in US upstream earnings in 2017.

Source: News