Exxon disclosed the news Monday ahead of its official quarterly earnings report on April 29, saying high oil prices significantly padded its bottom line during the quarter. But it could also take a $4 billion loss on a drilling project in Russia that is owned in part by the Russian government.
However, Exxon's core business is booming. The spike in oil prices alone will boost Exxon's profit by up to $2.3 billion compared with the fourth quarter, according to the company's Monday filing. U.S. oil prices increased by one-third during that timeframe.Read MoreHigher natural gas prices could add another $400 million, Exxon said.
I pray they go under and all the top people who make the decisions there. Or they can 🔥 in hell with their oil
So in other words taxpayers will once again be picking up the tab for their 'losses' smh
cnn 🤖 Link summarized using humans + AI. Click below to save time & read the highlights first👇