Revenue at ExxonMobil soared 53% to $90.5 billion. Even with the charge for exiting Russia, net income doubled to $5.4 billion. And excluding special items, its income more than tripled to $8.8 billion from $2.7 billion a year earlier.But its earnings per share excluding special items were slightly lower than forecast by analysts surveyed by Refinitiv. Shares of ExxonMobil were down about 1% in premarket trading on the report.
It had announced a $10 billion repurchase program three months ago when reporting fourth quarter results. The controversial move is seen as a way to support share price, and such efforts have become common throughout the oil industry.
Horses 'wink' with their vaginas when they are horny.
That’s cause they’re raising prices on their customers. Here in US, SenateGOP HouseGOP diverting attention away from that by falsely accusing and blaming President Biden for high gas prices. Oil cos hold 17 drilling licenses in US, none of which they’re using.
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