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Esso account card news: Exxon chairman pleased with 'strong' 4Q results

04 February, 10
Esso account card users have learned that the fuel firm's parent company has delivered a "strong" set of financial results for the fourth quarter of 2009.

Over the three-month period, ExxonMobil earned $6 billion (£3.8 billion), a 23 per cent fall from the $7.8 billion which it generated during the same quarter in the previous year.

Across the whole 12 months, it earned $19.4 billion, compared to the $44 billion total for its business operations in 2008.

However, the US-based oil giant's chairman Rex Tillerson remained upbeat despite the drop in earnings, describing the results as "strong" in the context of the difficult global economic conditions.

"Our financial strength provided us with the foundation to continue investing in new energy supplies to help meet global energy demand and to fuel economic growth," Mr Tillerson said.

Earlier this week, Exxon's US rival Chevron revealed that it made a profit of $3.07 billion over the final quarter of 2009.

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Posted by Matt HaskinsADNFCR-2675-ID-19598494-ADNFCR

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Esso account card news: Exxon chairman pleased with 'strong' 4Q results