ExxonMobil took a $3.4 billion hit for exiting Russia. Its profit still soared
CNN
ExxonMobil took at $3.4 billion charge for exiting its business in Russia in the first quarter, but it still posted sharply higher profits on high oil prices
Revenue at ExxonMobil soared 53% to $90.5 billion. Even with the charge for exiting Russia, net income doubled to $5.4 billion. And excluding special items, its income more than tripled to $8.8 billion from $2.7 billion a year earlier.
But its earnings per share excluding special items were slightly lower than forecast by analysts surveyed by Refinitiv. Shares of ExxonMobil (XOM) were down about 2% in premarket trading on the report.
A former University of Virginia student pleaded guilty Wednesday to fatally shooting three football players and wounding two other students on the Charlottesville campus in 2022.
Donald Trump is considering a right-wing media personality and people who have served on his US Secret Service detail to run the agency that has been plagued by its failure to preempt two alleged assassination attempts on Trump this summer, sources familiar with the president-elect’s thinking tell CNN.
The United States has vetoed a UN Security Council resolution that called for an immediate, unconditional and permanent ceasefire in Gaza, on the grounds it would not have secured the release of hostages.
A Democratic election official in Pennsylvania offered an impassioned apology Wednesday for claiming “precedent by a court doesn’t matter anymore in this country” to justify counting about 600 faulty ballots in defiance of state Supreme Court rulings.
On one side of the Capitol, Republican Rep. Nancy Mace vowed to “stand in the way” of Democratic Rep.-elect Sarah McBride, the first out transgender woman elected to Congress, using women’s bathrooms in the US Capitol.
President-elect Donald Trump has chosen Matthew Whitaker, who served as acting attorney general during Trump’s first term, as his pick to be US ambassador to NATO.
Police in Peru have arrested a man caught trying to leave the country with 320 tarantulas, 110 centipedes and nine bullet ants strapped to his body.
Ensuring the US doesn’t default on its obligations. Extending trillions of dollars in tax cuts before they expire. Quarterbacking President-elect Donald Trump’s plans for the economy.
President-elect Donald Trump’s new Department of Government Efficiency, a nongovernmental entity helmed by billionaire Elon Musk and biotech entrepreneur and former Republican presidential candidate Vivek Ramaswamy, is expected to make a push for an end to remote work across federal agencies as a way to help reduce the federal workforce through attrition.
“I want to say to my babies that your mama loves you so much…” Susan Smith, then 23 years old, tearfully said to the scrum of news cameras.
The Biden administration has approved sending anti-personnel mines to Ukraine for the first time in another major policy shift, according to two US officials. The decision comes just days after the US gave Ukraine permission to fire long-range US missiles at targets in Russia, a shift that only occurred after months of lobbying from Kyiv.