Yahoo! Tech
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2025-01-31 11:46:27
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wss://relay.nostr.bandPublished at
2025-01-31 11:46:27Event JSON
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"Exxon Mobil reported a profit of $7.39 billion in the fourth quarter, beating analyst estimates of $1.56 per share. The company's profit was boosted by higher oil and gas production, despite lower oil prices and weaker refining margins. Exxon's low production costs in the Permian basin and lucrative projects in Guyana also contributed to its profits. The company's refining business remains under pressure due to increased global fuel supply, but it expects a decision on its arbitration challenge to Chevron's acquisition of Hess by September."
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