Exxon Mobil Corp. stock rose more than 2% on Friday after the energy giant reported record first-quarter earnings, handily beating expectations, and revenue that also topped Wall Street forecasts despite a slide in oil and gas prices.<
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Good news for me!!! I sold at $116.45!!!
Hahahahahahaha!!!!!
Down 10% since results announcement... We're all making a difference!
Stock down another 4.5% so far today... Outstanding performance and EM differentiators!
Xom stock down 3% today, broadly aligned with the crude decline today also. You do the math.
Adding value!
Today the stock is lower than what it was a week ago and a month ago. Keep focusing on those short term metrics! They may help your career, but don’t do much for the overall health of your company and industry.
I am on track for another 22% raise this year.
We should thank OPEC + for keeping the price of crude above $80 per barrel and the Ukraine-Russia war uncertainties.
If if were not for these two global events, we would not have record earnings.
Our Management Committee understands the global factors that impact our earnings. This is why we are reducing OPEX by $9 billion dollars over three years and selling underperforming assets that are below the 50% cost -curve average for all competitors.
Bottom line, we need to prepare for a crude price below $60 per barrel long term.
Great companies share their financial success with it employees.
ExxonMobil will d3fec@te on its employees and reward its executives and shareholders.
The massive outsourcing and pushing over real talent are working. Expect more of the same.
Good for EM