2/25/2023 0 Comments Mobil most wanted![]() ![]() The San Ramon, California-based oil company’s results also beat analysts’ forecasts.Įxxon’s oil-equivalent production rose 4% to 3.7 million barrels per day in the third quarter. reported similar results, moving to a strong profit after posting a loss a year ago. ![]() climbed slightly before the market opened on Friday.Įlsewhere in the sector, Chevron Corp. Revenue was $73.79 billion, also topping expectations. That beat Wall Street expectations by a penny, according to a survey by Zacks Investment Research.Ī year earlier it lost $680 million, or 15 cents per share.Įxxon does not adjust its reported results based on one-time events such as asset sales. The oil and natural gas company company earned $1.57 per share, or $1.58 if non-recurring items are removed. Exxon Mobil reversed the losses it suffered last year during the pandemic with a $6.75 billion third quarter profit as demand pushes the price for a barrel of crude past $80 for the first time in years. ![]()
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