Exxon Posts Huge Profit on Second Quarter Oil and Gas Production

Exxon Posts Huge Profit on Second Quarter Oil and Gas Production

Exxon Mobil Corp said on Friday that profit from its oil and gas production will rise to $3.3 billion in the second quarter.

The largest oil producer in the United States projected a quarter-over-quarter increase of between $2.5 billion and $3.3 billion from oil and gas pumping in a securities presentation that provides a summary of factors influencing the period.

Exxon posted an operating profit of $4.49 billion from oil and gas production in the first quarter.

Analysts consulted by IBES Refinitiv forecast earnings per share of $2.99, compared to $1.10 in the same quarter last year. Official results for the period will be released on July 29, according to a securities statement.

rrg

{if(f.fbq)return;n=f.fbq=function(){n.callMethod?

n.callMethod.apply(n,arguments):n.queue.push(arguments)};

if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';

n.queue=[];t=b.createElement(e);t.async=!0;

t.src=v;s=b.getElementsByTagName(e)[0];

s.parentNode.insertBefore(t,s)}(window, document,'script',

'https://connect.facebook.net/en_US/fbevents.js');

fbq('init', '617809396377903');

fbq('track', 'PageView');



Source link

Previous Story

Tropical Storm Bonnie has already entered Nicaraguan land

Latest from Mexico