Category: Mobil

Exxon Delivers Record 1st-Quarter Profit on Higher Output

April 28, 2023
Business & MarketsCompanieseconomyenergyExxonGold and CommoditiesMarketsMobilresultsstocksUSUS News
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HOUSTON—Exxon Mobil Corp. on Friday reported a record first-quarter profit that was more than double a year ago and topped Wall Street estimates as rising oil and gas output overcame a pullback in energy prices from high levels. Oil companies are riding a wave of strong demand and cost-cutting tied to efforts to counter COVID-19…

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Exxon Smashes Western Oil Majors’ Earnings Record With $56 Billion Profit for 2022

January 31, 2023
Business & MarketsCompanieseconomyenergyExxonMarketsMobilresultsstocksUSUS News
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HOUSTON—Exxon Mobil Corp. posted a $56 billion profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry. Oil majors are expected to break their own annual records on high prices and soaring…

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Exxon Shares Surge to Record High on Strong Earnings Outlook

October 22, 2022
Business & MarketsCompaniesearningsenergyExxonMarketsMobilSharesstocksUS
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HOUSTON—Exxon Mobil Corp. shares passed their all-time high on Friday as oil prices resumed their climb and analysts raised their long-term views of top U.S. oil producer’s cash flow and earnings outlook. Exxon is leading a parade of record profits among oil majors this year after doubling down on oil during the pandemic, when energy…

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Exxon Signals Fourth Quarterly Profit in a Row Despite Charges

December 31, 2021
Business & EconomyCompaniesEntertainmentExxonLocal NewsMobilOutlookprofitRegional-Local NewsTexasUSUS News
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HOUSTON—Exxon Mobil Corp. on Thursday signaled a return to annual profit for 2021 as stronger oil and gas prices drove a gain of up to $1.9 billion in operating profits that exceeded one-time charges. The largest U.S. oil producer issued a snapshot of final quarter results that showed it expects sequentially higher profit from oil…

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