By Paulo TrevisaniExxon Mobil Corporation said Tuesday a strong dollar contributed to a decline in earnings last year in the chemical-products segment, even as foreign exchange had a favorable effect elsewhere. The company reported earnings of $3.5 billion in 2022, down from $7 billion in 2021, in the chemical segment. It said the decline was due, in part, to "foreign exchange effects from a stronger U.S. The WSJ Dollar Index rose 7.8% in 2022, according to Dow Jones Market Data. Write to Paulo Trevisani at paulo.trevisani@wsj.com(END) Dow Jones NewswiresJanuary 31, 2023 09:54 ET (14:54 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal February 01, 2023 03:01 UTC