Exxon Mobil Corporation reported a $3.4 billion writedown related to its Sakhalin-1 operation in Russia, resulting in a 1.3% drop in stock price. The company posted mixed quarterly results with revenues at $90.5 billion but earnings per share of $2.07, missing expectations. Despite these challenges, Exxon plans to triple its share buyback program to $30 billion by the end of 2023, aiming to bolster shareholder value in a turbulent economic climate.
“Chevron and Exxon Mobil · reported · before Friday's open”
“Exxon Mobil (NYSE:XOM) stock · fell · 1.3% · 1.3%”
“Exxon Mobil (NYSE:XOM) · took a charge · $3.4 billion · $3.4 billion”
“Exxon Mobil (NYSE:XOM) · tripled its buyback program · to as much as $30 billion by the end of 2023 · $30 billion”
“Exxon Mobil · expected sales growth rate for 2022 · sales growth rate · 23.1%”
“Exxon’s expected sales growth rate for 2022 · is · 23.1% · true”
“Chevron and Exxon Mobil · reported · before Friday's open”
“Exxon Mobil · is presenting · quarterly figures · today”
“Exxon Mobil (XOM) · has a dividend payout · $3.52 · annually”
“Exxon Mobil (XOM) · has a dividend yield · 4.1%”
“Exxon Mobil stock · fell · 1.3% · after taking a $3.4 billion charge on its Sakhalin-1 venture in Russia’s Far East”
“Exxon Mobil (XOM) · refused to cut its dividend · during the Covid crisis · true”