ExxonMobil posts another record profit as oil prices remain high
ExxonMobil's profit set a record for the second straight quarter as oil and gas prices remained high. No. 2 US oil company Chevron also posted much-better-than-expected results.
Posted — UpdatedExxonMobil earned $18.7 billion, excluding special items, up 6% from the second quarter results which had been the record and up 177% from a year ago. Earnings per share of $4.45 soared past the $3.79 forecast by analysts surveyed by Refinitiv.
Chevron, the nation's second largest oil company, also reported a huge jump in income that easily topped forecasts. Adjusted earnings of $10.8 billion were nearly double the $5.7 billion it made a year ago. But it was slightly lower than the $11.4 billion it earned on that basis in the second quarter. Earnings per share of $5.56 easily topped the forecast of $4.81.
The-CNN-Wire™ & © 2022 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.
Copyright 2024 by Cable News Network, Inc., a Time Warner Company. All rights reserved.
