{"id":572894,"date":"2023-04-29T10:56:51","date_gmt":"2023-04-29T05:26:51","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=572894"},"modified":"2023-04-29T11:57:53","modified_gmt":"2023-04-29T06:27:53","slug":"exxonmobil-reports-that-q1-profits-double-to-11-4-bn","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/exxonmobil-reports-that-q1-profits-double-to-11-4-bn\/","title":{"rendered":"ExxonMobil reports that Q1 profits double to $11.4 bn"},"content":{"rendered":"<p>ExxonMobil reported Friday that first-quarter profits more than doubled to $11.4 billion, as the US oil giant returned over $8 billion to shareholders during the period.<\/p>\n<p>Oil prices were lower in the 2023 period, but earnings were boosted by a better performance in the refining business, as well as higher oil and natural gas production.<\/p>\n<p>Results in the 2022 quarter were also dented by one-time costs associated with ExxonMobil&#8217;s withdrawal from a Russia project after the invasion of Ukraine.<\/p>\n<p>The profits, a record for the company&#8217;s first quarter, compared to $5.5 billion in the year-ago period. Revenues declined 4.3 per cent to $86.6 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ExxonMobil reported Friday that first-quarter profits more than doubled to $11.4 billion, as the US oil giant returned over $8 billion to shareholders during the period. Oil prices were lower in the 2023 period, but earnings were boosted by a better performance in the refining business, as well as higher oil and natural gas production. Results in the 2022 quarter were also dented by one-time costs associated with ExxonMobil&#8217;s withdrawal from a Russia project after the invasion of Ukraine. The profits, a record for the company&#8217;s first quarter, compared to $5.5 billion in the year-ago period. Revenues declined 4.3 per [&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":[146,130,177],"tags":[],"class_list":["post-572894","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/572894","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=572894"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/572894\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=572894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=572894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=572894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}