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In June 2022, amid record oil prices, he said that "Exxon made more money than God this year". When the oil giant reported its second quarter earnings in 2022, CNN reported that Exxon made US$2,245.62 per second in profit across the 92-day long second quarter.
(Reuters) -Exxon Mobil CEO Darren Woods' first five years at the oil company were marred by missed oil production targets, an investor rebellion and the company's biggest-ever financial loss.
The Exxon Valdez oil spill was the second largest in U.S. history, and in the aftermath of the Exxon Valdez incident, the U.S. Congress passed the Oil Pollution Act of 1990. An initial award of US$5 billion punitive was reduced to $507.5 million by the US Supreme Court in June 2008, [ 59 ] and distributions of this award commenced in 2008.
Its price-to-earnings ratio of 10.8, which is within the range of its historical average. The dividend continues to grow and is already at an attractive level with a 3.3% yield.
Exxon Mobil's fourth-quarter revenue and profits declined along with the price of oil, and the energy giant was weighed down by a hefty impairment charge tied to regulatory issues in California ...
Exxon stock was down 4%, while Chevron's declined roughly 1% in mid-morning trading. Natural gas prices plummeted this past year, down roughly 34% year to date. But oil majors could benefit from ...
Woods joined Exxon in 1992. He had worked for Exxon for 24 years prior to being promoted to CEO following Rex Tillerson's nomination by President Donald Trump to be the next United States Secretary of State. While his predecessor was involved in deal making and exploration, Woods is a veteran of the refining side of the oil business.
Exxon Mobil’s third-quarter profit declined compared with last year when the oil giant put up record numbers as oil prices soared, but net income jumped 15% compared with the previous quarter.
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