Shares of Google parent Alphabet Inc. opened at levels that would have given the company a $2 trillion market value Wednesday but are now trading below the required threshold. Read More...
Reuters
Exxon posts biggest profit in seven years on high oil prices
Exxon Mobil Corp on Tuesday reported a fourth-quarter profit of $8.87 billion, its largest in seven years, as the top U.S. oil producer benefited from strong energy prices. Since then, earnings have topped pre-pandemic levels, helped by the rise in oil prices, with the global oil benchmark Brent also at a seven-year high. On Monday, Exxon disclosed a business shakeup to accelerate a $6-billion cut to operating expenses set in motion last year.
