Benzinga
Rising Prices Drive Four Fold Increase In Exxon Mobil’s Q2 Earnings
Exxon Mobil Corp (NYSE: XOM) posted a Q2 profit of $4.14 per share, an almost four-fold increase over $1.10 a year ago versus the consensus of $3.74. But the company’s revenue, at $115.68 billion, +71% Y/Y, missed the $132.7 billion analysts were expecting. The company’s earnings of $17.9 billion, or $4.21 per share, included a $300 million booked identified item associated with the sale of the Barnett Shale upstream asset. Exxon kept its capital investments at $4.6 billion for Q2 and $9.5 billi
