Exxon Mobil Delivered Strong Fourth-quarter Profits on the Wings of Surging Oil and Gas Prices

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Source: Dreamstime

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A big reason why Exxon managed to secure a solid financial foothold this quarter is the significant spike in crude oil, which has reached levels not seen in over seven years.

The multinational oil and gas corporation reported year-over-year revenue growth of over 80%, which has allowed it to kickstart its share buyback program as early as in the first quarter of 2022.

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