The company’s record profit a year earlier was driven by a surge in oil prices after Russia’s invasion of Ukraine.
Category: Exxon Mobil Corp
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Investors See Hope for a Debt Limit Deal
Stock and bond trading suggest that investors see an imminent deal to raise the debt limit and prevent the federal government from defaulting.
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JPMorgan’s Succession Plans for Jamie Dimon May Weigh on Investors
Revelations about rivals’ plans may prompt the bank’s shareholders to ask about who will replace Jamie Dimon at an annual investor gathering on Monday.
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First Republic Struggles to Find a Deal as Biden Officials Weigh a Response
The troubled lender is working on a lifeline, but time is running out.
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What Bank Earnings Reveal About the Health of the Economy
JPMorgan Chase and Wells Fargo reported solid earnings on Friday, but big questions remain about the sector’s health and a potential recession.
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U.S. Sues Exxon Mobil Over Nooses Found at Louisiana Refinery
The New York Times – Business:The federal Equal Employment Opportunity Commission said in a suit that the oil and gas company failed to remedy years of racial harassment faced by Black workers.
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Oil Giants, After Surge in Profits, Are Wary About Spending
The New York Times – Business:Economic and military uncertainty clouds the outlook for Exxon, Chevron and other energy companies, whose bonanza from high prices is already fading.