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Business Record profits Exxon reports the largest net income in U.S. history. Page 4AT H ED O M I N I O NPostLocal Granny celebrates birthday Folks at Sundae Nursing Home surprise singer with cake.
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ExxonMobil announced record earnings due to increased oil prices and strong refining margins, reflecting robust performance in its upstream and downstream operations.
Public companies like ExxonMobil that are traded on stock exchanges are required to file their earnings reports with the Securities and Exchange Commission (SEC).
To fill out ExxonMobil's record earnings, companies must prepare financial statements following generally accepted accounting principles (GAAP) and include relevant details such as revenues, expenses, and net income.
The purpose is to inform investors and stakeholders of the company's financial performance and profitability, enabling informed decision-making.
Key information includes total revenues, net income, earnings per share, segment performance, and cash flow statements.
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