ExxonMobil chemical earnings up on higher margins

摘要

ExxonMobil reports that its chemical segment turned in fourth-quarter 2020 earnings of $691 million, up from a loss of $355 million in the year-ago quarter and the best quarterly result since 2018. ExxonMobil says the contribution from margins totaled $790 million; lower expenses, $340 million; and higher volumes, $30 million. These were offset by $110 million in various costs, including a last-in-first-out (LIFO) inventory adjustment. Prime product sales totaled 6.643 million metric tons, up 1.1% year over year (YOY) from 6.569 million metric tons.