ExxonMobil posts another record profit as oil prices remain high

Posted on AllSides October 29th, 2022
From The Left

America’s largest oil company ExxonMobil set a profit 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.

ExxonMobil 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 (CVX), the nation’s second largest oil company, also reported a huge jump in income that easily topped forecasts....

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