Reported 25 days ago
Exxon Mobil reported a third-quarter profit of $8.6 billion, surpassing analysts' forecasts and aided by its recent acquisition of Pioneer Natural Resources. The earnings per share reached $1.92, slightly above the expected $1.91, although revenue of $90.02 billion fell short of $93.51 billion. Meanwhile, the company is adapting to a fluctuating oil market as it anticipates lower prices due to an oversupply. Additionally, Exxon announced a 4% increase in its quarterly dividend.
Source: YAHOO