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US President Trump denied reports that he went to the Pentagon instead of the World Trade Center memorial ceremony in New York because it is customary not to have political figures speak at the ceremony, and criticized New York Times reporter Maggie Haberman for fabricating the news.On August 29, local time, the Trump administration formally appealed a federal court ruling on August 28 that blocked its executive order on mail-in voting from taking effect. Boston Federal District Judge Indira Talwani issued a 14-day temporary restraining order on the evening of August 27, suspending the U.S. Postal Services enforcement of the new mail-in voting rules, and a hearing is scheduled for September 3 to consider whether to implement a longer-term ban.On August 29, local time, Iranian President Pezechzian stated on August 28, regarding the current negotiations with Oman on the Strait of Hormuz, that Oman initially supported Iran, later reserved its position, but in recent meetings, both sides reached a consensus to reopen the straits navigation channel under a coordinated plan. He emphasized that Iran is currently working to ensure that if the navigation channel reopens under a specific framework, the United States must also fulfill its obligations. These obligations include: lifting the blockade and sanctions, unfreezing Iranian funds, and ceasing Israeli hostile actions in Lebanon. He also mentioned that Iran will open the Strait of Hormuz based on its own policies. "The opening of the Strait of Hormuz is within the framework stipulated in the Islamabad Memorandum of Understanding, and has been accepted by all parties and must be implemented." Furthermore, Pezechzian stated that Iran is reaching a consensus on how to interact with its neighbors and forming a shared vision.IMF Managing Director Kristalina Georgieva: Federal Reserve Chairman Walsh has performed an excellent job and expressed his views clearly.Former IMF chief economist Rogoff: The reason why US debt has ballooned so much is because academic economists were almost "religiously convinced" that interest rates would fall indefinitely.

Exxon Predicts Fourth-quarter And Year Records

Haiden Holmes

Jan 05, 2023 11:27

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Exxon Mobil anticipated a fourth-quarter operating profit of $15.4 billion, putting it on track for a record-setting year-end profit in 2022.


The top U.S. oil producer disclosed lower profits to the SEC. Exxon's best fiscal year was 2022, with $58 billion in profits.


January 31 is formal income due.


Due to lower energy prices, its major business, pumping oil and gas, generated $2.3 billion less than in the third quarter.


As fuel prices fell from their midsummer heights, the gasoline and diesel business made $4.9 billion in the third quarter. Chemical profits were $300 million, while motor oil profits were $800 million.


Exxon's annual results will surpass the record $45 billion it earned in 2008, when oil prices peaked at $140 per barrel. Last year's second and third quarters saw record earnings.


Last year, high oil and gas prices boosted oil company earnings. Exxon benefitted as European competitors switched to alternative energy after doubling down on oil during the outbreak. Its shares grew 80% in 2022, beating rivals.


Oil prices, which fueled gains for most of the year, moderated in the fourth quarter. Brent futures ended 2022 at $77.17 a barrel after reaching $140 in March.


Global gas markets ended 2022 with profits. U.S. gas futures jumped 20%.

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