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StockWatch: Oil Giants Expect Losses from Russian Sanctions!

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Oil companies will post a huge profit for Q1 thanks to the oil price spike.

However, the likes of ExxonMobil are looking to lose money on their planned exit from Russia.

Oil and gas companies are facing further scrutiny for not easing high prices at the gas pump for consumers.

Let’s see what the earnings season will bring!

Timestamps:

  • XOM 02:00
  • CVX 03:45

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