Exxon expects a profit boom thanks to high oil prices. But exiting Russia will come at a cost

It’s a tale of two oil trends for ExxonMobil: The company will post a massive profit increase for the first quarter thanks to the oil price spike, but it’s bracing to lose money on its planned exit from Russia.

(SOURCE) https://www.cnn.com/2022/04/04/energy/exxon-profit-boom-russia-loss/index.html

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