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Exxon annual gross profit for 2024 was $84.234b, a 1.66% decline from 2023. Exxon results included a $2.5 billion impairment. Exxon mobil revenues and earnings miss expectations revenue missed analyst estimates by 1.1%
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Earnings per share (eps) also missed analyst estimates by 2.0%. Oil majors are expected to report 2023 profits down by about a third from record levels in 2022, as oil and gas prices retreated from the peaks that followed russia’s invasion of ukraine Profits from oil majors have been down in 2023 by about a third from record levels in 2022, pressured as oil and gas prices retreated after spiking when russia invaded ukraine.
