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

Picture of the NYSE building in New York

Source: Dreamstime

Reading time: 2 minutes

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.

Read more

Wells Fargo’s Latest Quarterly Revenues Explode with Gains of Nearly 60%, But There’s a Catch

Picture of buildings in a sprawling megapolis

Source: Dreamstime

Reading time: 2 minutes

The U.S. banking service provider crushed analyst estimates with a stellar quarterly performance which, however, was somewhat backed by the release of its credit loss reserves: the money meant for covering losses on loans in the event of defaults or nonpayments. The company’s stock dipped 1.6% shortly after the news.

Read more