HOUSTON: ExxonMobil said on Wednesday (Oct 4) big increases in oil, gas and fuel prices would deliver a third-quarter operating profit between US$8.3 ...
Exxon’s snapshot of operating profit, delivered in a securities filing, signals a good quarter for oil companies. – ReuterspicExxonMobil said on Wednesday big increases in oil, gas and fuel prices would deliver a third-quarter operating profit between US$8.3 billion and US$11.4 billion , below the year ago’s record earnings but up from its second quarter.
The largest US oil producer posted total profit in the same quarter a year ago of US$19.7 billion and US$7.9 billion in its second quarter this year. Analysts currently forecast a US$9.22 billion, or US$2.37 per share profit, for the latest quarter, according to financial firm LSEG.