In the first quarter, the profit of ExxonMobil, th

2022-08-24
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In the first quarter, the profit of ExxonMobil, the largest oil company in the United States, fell 46%

according to Dow Jones on May 1, the profit of ExxonMobil, the largest and richest oil company in the United States, fell 46% in the first quarter due to the sharp fall in oil prices, but its performance in the quarter was still better than expected

ExxonMobil has taken such "Star Materials of the 21st century" measures to save cash, because the company expects that oil prices will not rebound soon. ExxonMobil has announced that it will cut its investment spending by 12% this year to $34billion, while recently reducing the number of share repurchases

in the first quarter, ExxonMobil's oil exploration and production business profit "fell to $2.9 billion. However, the profit of its refining and sales business rose to $1.7 billion. The refining business benefited from the strong performance of cheap crude oil, which partially supported ExxonMobil's profits in the first quarter. Chemical business profit fell to $982million

on the whole, the company achieved a profit of 49.4% in the quarter, but due to the high porosity of permeable paving materials, it was US $billion, equivalent to US $1.17 per share; The profit of the same period last year was US $9.1 billion, or US $2.10 higher than that of PVC and PC. Revenue for the quarter fell to $67.62 billion from $106.33 billion in the same period last year

analysts surveyed by Thomson Reuters had expected ExxonMobil to earn 83 cents per share and $56.39 billion in revenue in the quarter

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