{"id":482163,"date":"2022-04-05T09:01:48","date_gmt":"2022-04-05T03:31:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=482163"},"modified":"2022-04-05T09:19:18","modified_gmt":"2022-04-05T03:49:18","slug":"exxonmobil-flags-biggest-profit-in-13-years-due-to-surging-oil-prices","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/exxonmobil-flags-biggest-profit-in-13-years-due-to-surging-oil-prices\/","title":{"rendered":"ExxonMobil flags biggest profit in 13 years due to surging oil prices"},"content":{"rendered":"<p>Exxon Mobil Corp. signaled its highest profit since 2008 as Russia\u2019s war in Ukraine upended global commodity markets.<\/p>\n<p>Exxon\u2019s announcement that first-quarter results may have reached almost $11 billion augurs booming profits across the oil industry as trade sanctions, shipping disruptions and surging demand strain supply lines.<\/p>\n<p>The windfall doesn\u2019t come without risks, however. Political leaders are under pressure to alleviate sky-high energy prices and the specter of shortages, and some already have accused oil drillers of gouging and profiteering.<\/p>\n<p>U.S. President Joe Biden last week pleaded with the industry to reinvest profits in new wells to help plug the supply gap from shunned Russian crude.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Exxon Mobil Corp. signaled its highest profit since 2008 as Russia\u2019s war in Ukraine upended global commodity markets. Exxon\u2019s announcement that first-quarter results may have reached almost $11 billion augurs booming profits across the oil industry as trade sanctions, shipping disruptions and surging demand strain supply lines. The windfall doesn\u2019t come without risks, however. Political leaders are under pressure to alleviate sky-high energy prices and the specter of shortages, and some already have accused oil drillers of gouging and profiteering. U.S. President Joe Biden last week pleaded with the industry to reinvest profits in new wells to help plug the [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-482163","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/482163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=482163"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/482163\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=482163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=482163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=482163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}