Exxon Mobil doubled its profit from last year to nearly $5.5 billion

NEW YORK (AP) – Exxon Mobil reported $5. 48 billion in profits during the first quarter as oil and gas prices rose steadily, more than doubling its profits compared with the same quarter last year. But the oil giant took a huge hit as it abandoned its Russian operations due to the war, writing down $3. 4 billion. Including that loss, the oil giant reported profits of $1. 28 per share Friday, which was well below expectations of analysts polled by Factset, who were looking for $2. 23 per share. . . .