February 3, 2023

ExxonMobil profit soars despite $3.4 billion hit for exiting Russia

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ExxonMobil’s revenue rose 53% to .5 90.5 billion. Despite accusations of leaving Russia, net revenues doubled to 4 5.4 billion. And excluding exclusive items, its revenue tripled from 2. 2.7 billion a year ago to 8. 8.8 billion.

But excluding exclusive items, earnings per share were slightly lower than refinitiv analysts had predicted. Shares ExxonMobil (XOM) According to the report, pre-market trading was down about 2%.

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