ExxonMobil Sets Profit Record

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’s adjusted earnings of $10.8 billion were nearly double the $5.7 billion it made a year ago.

Earnings per share of $5.56 easily topped the forecast of $4.81.

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Edited by Jesus Chan

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