exxon-mobil-stock-surges-after-energy-giant-drills-to-record-profit

Exxon Mobil Stock Surges After Energy Giant Drills to Record Profit

We’ve detected you are on Internet Explorer. For the best Barrons.com experience, please update to a modern browser.

We’ve detected you are on Internet Explorer. For the best Barrons.com experience, please update to a modern browser.GoogleFirefox

This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.

https://www.barrons.com/articles/exxon-mobil-earnings-record-profit-51659091518

July 29, 2022 6:45 am ET

  • Order Reprints
  • Print Article

Soaring energy prices and increased production helped Exxon Mobil shatter its previous record for quarterly profit as the oil and gas giant posted earnings Friday far ahead of even Wall Street’s most bullish estimates.

Shares in Exxon (ticker: XOM) surged 3% in premarket trading. The stock had ticked up almost 2% ahead of the release after peer Chevron (CVX) also reported an earnings beat and new profit record.

Exxon Mobil Stock Surges After Energy Giant Drills to Record Profit

Soaring energy prices and increased production helped Exxon Mobil shatter its previous record for quarterly profit as the oil and gas giant posted earnings Friday far ahead of even Wall Street’s most bullish estimates.

An error has occurred, please try again later.

Thank you

This article has been sent to

Copyright © 2022 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

 » Read More  » Read More

Tags: No tags

Comments are closed.