The US banned Russian oil. So, what now?

ExxonMobil took a $3.4 billion hit for its exit from Russia. Its profits are still going up 2022-04-29 06:17:50

The US banned Russian oil. So, what now?

[ad_1]

Revenue at ExxonMobil rose 53% to $90.5 billion. Even with an exit fee from Russia, net income doubled to $5.4 billion. Excluding special items, its income more than tripled to $8.8 billion from $2.7 billion a year earlier.

But earnings per share, excluding special items, were slightly below expectations of analysts surveyed by Refinitiv. shares ExxonMobil (XOM) It fell about 2% in pre-market trading on the report.

[ad_2]