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Thndr Claps » U.S. Claps » Energy 🔋 » Exxon Mobil teases investors with earnings expectations🛢️

Exxon Mobil teases investors with earnings expectations🛢️

by Shams Abbas
April 4, 2022

The Clap
Exxon Mobil (NYSE: XOM) teased investors with possibly record quarterly profits for Q1-2022. 

The deets
The increase in earnings comes after the Russia-Ukraine crisis sent oil & gas prices soaring. Exxon’s Q1-2022 operating profits could jump by almost 41% over the previous quarter.

Official Exxon earnings are expected to be released on April 29, 2022.

Why this matters
Energy giants like Exxon, Chevron, Shell, & BP are being urged by the government to suspend dividends & share buybacks until the Russia-Ukraine crisis is over. Energy companies have also been called out for “profiteering off the crisis in Ukraine.”

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