Net income was also up 15 compared with the previous quarter.
Exxon Mobil’s third quarter profit has declined compared with last year when the oil giant put up record numbers due to soaring crude prices – but net income was up 15% compared with the previous quarter.Lofty crude prices have fuelled a shopping spree this year as Exxon acquired pipeline operator Denbury, the beneficiary of changes in US climate policy, for 4.9 billion dollars in July, and then a few weeks ago said it would buy Pioneer for 60 billion dollars .
Analysts polled by Zacks Investment Research predicted higher earnings of 2.36 dollars per share, but Exxon does not adjust its reported results based on one-time events such as asset sales, as most companies do. Exxon’s results come just a few weeks after announcing that it would acquire Pioneer Natural Resources for nearly 60 billion dollars .
The company posted unprecedented profits last year of 55.7 billion dollars , breezing past its previous record of 45.22 billion dollars in 2008 when oil prices hit record highs.
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
TotalEnergies And Exxon Bid For New Oil Licenses In GuyanaTotalEnergies and Exxon were among the bidders in a tender for a number of oil and gas blocks offshore Guyana.
Læs mere »
How Chevron and Exxon’s Latest Fossil Fuel Deals Compare To Their Green SpendingPioneer Natural Resources equipment near Midland, Texas,
Læs mere »
Darwin Nunez went on incredible run before missing open net during Liverpool vs ToulouseLiverpool thrashed Toulouse at Anfield on Thursday night
Læs mere »
Higher Refining Output Lifts Sinopec's Profit By 34% In Q3Sinopec saw its net profit jump 34% in the third quarter on the back of strong fuel sales and higher rates of crude oil processing.
Læs mere »
Arsenal defender William Saliba's hilarious reaction to botched David Raya punch vs SevillaWilliam Saliba was every Arsenal fan as he watched David Raya's botched punch almost fly into the goalkeeper's own net.
Læs mere »
Repsol Boosts Renewables Business As Lower Oil Prices Drag Profits DownSpanish energy group Repsolreportedon Thursday a 14% lower net income for January to September, due to lower crude oil and gas prices than in the year-ago period
Læs mere »