Exxon And Chevron Post Blockbuster Earnings As Oil Prices Soar ...Middle East

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Exxon And Chevron Post Blockbuster Earnings As Oil Prices Soar
source : OILPRICE ( Middle East ) () 14
U.S. supermajors ExxonMobil and Chevron reported on Friday strong earnings for the first quarter as oil and gas prices surged after Russia invaded Ukraine. ExxonMobil (NYSE: XOM) doubled its earnings to $5.5 billion for Q1 compared to the same period of last year, despite a $3.4 billion after-tax charge related to its decision to exit the Russia Sakhalin-1 project. Still, Exxon’s earnings per share, excluding identified items of $2.07, missed the consensus estimate in The Wall Street Journal of $2.23. Earnings excluding identified items stood…

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