Exxon Mobil’s shade of green is what investors want


These days, there’s nothing like putting on green to excite investors in the energy sector, as long as it’s the hue of cash.

Exxon Mobil’s first quarter was somewhat mixed. The company posted quarterly net profit of $5.5 billion in the first quarter, well below the $9.5 billion that analysts polled by Visible Alpha had noted. The big gap was due to a heavy after-tax charge related to Exxon’s exit from Russia (which was less than 2% of output last year), but even without that impact its profits would have been around $700. million below expectations.


Wj

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button