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Exxon Reports Highest Profit in History, Beating Expectations

Exxon Reports Highest Profit in History, Beating Expectations

Pamela James by Pamela James
October 28, 2022
in Business
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Exxon


Mobil, the biggest U.S. energy company, reported the highest profits in its 152-year history on Friday.

The oil and gas giant said adjusted third-quarter earnings were $18.7 billion, or $4.45 per share, on revenue of $112 billion. Analysts were expecting adjusted earnings per share of $3.86 and revenue of $105 billion, according to FactSet data. It was the second consecutive quarter of bumper profits for the firm, which has benefited from increases in energy prices this year.

Pamela James

Pamela James

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