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Wednesday, February 02, 2022 01:42:40 UTC

Despite the Dow rising 272 points, and oil reaching $88 per barrel, January has been the weakest month for equities since March of 2020. Exxon ripped Tuesday to

Energy companies led the leader board as oil reached $88 per barrel and ExxonMobil announced earnings of $2.05 per share, above analyst projections by 11 cents. Revenue of $89 million also exceeded expectations. The oil company stated on Monday that it will relocate its headquarters from Irving, Texas, to Houston in order to save money and simplify operations.(More)

@exxonmobil @internationalenergyagency @iea @exxonmobile

#xom #cvx #dvn #nfg #exxonmobilcorp #oil #crudeoil #exxon #iea #international #energy

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RELATED:

Tue, Feb 1, 22
Exxon Q4 top expectations

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Tue, Dec 14, 21
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Tuesday, February 01, 2022 14:16:53 UTC

Profits for Exxon Mobil in the fourth quarter exceeded expectations as oil and gas prices rose; the company's stock price rose.

Exxon Mobil's fourth-quarter revenue soared more than 80 percent year over year as oil and gas prices rebounded, the firm reported Tuesday. Stock buybacks will commence in the first quarter, the business said.

Excluding one-time factors, ExxonMobil earned $2.05 per share for the period, above analysts' expectations of $1.93. Revenue came in at $84.97 billion, which was lower than the $91.85 billion expected by experts.(More)

EXXON Q4 TOP EXPECTATIONS

Tuesday, February 01, 2022 14:16:53 UTC

Profits for Exxon Mobil in the fourth quarter exceeded expectations as oil and gas prices rose; the company's stock price rose.

Exxon Mobil's fourth-quarter revenue soared more than 80 percent year over year as oil and gas prices rebounded, the firm reported Tuesday. Stock buybacks will commence in the first quarter, the business said.

Excluding one-time factors, ExxonMobil earned $2.05 per share for the period, above analysts' expectations of $1.93. Revenue came in at $84.97 billion, which was lower than the $91.85 billion expected by experts.

#xom #cvx #dvn #nfg #exxonmobilcorp #oil #crudeoil #exxon #iea #international #energy


Tuesday, December 14, 2021 14:26:39 UTC

Oil prices dropped today as the International Energy Agency confirms the global oil market has returned to surplus with the omicron variant reducing international travel.

Brent crude futures dropped 1.2% to about $73 a barrel as the International Energy Agency (IEA) said that "rebounding supplies from numerous producers are creating a new oversupply, which is likely to swell further early next year."(More)

OIL SLIDING WITH MORE SURPLUS

Tuesday, December 14, 2021 14:26:39 UTC

Oil prices dropped today as the International Energy Agency confirms the global oil market has returned to surplus with the omicron variant reducing international travel.

Brent crude futures dropped 1.2% to about $73 a barrel as the International Energy Agency (IEA) said that "rebounding supplies from numerous producers are creating a new oversupply, which is likely to swell further early next year."

#oil #crudeoil #exxon #iea #international #energy #agency