Reported about 11 hours ago
Exxon Mobil announced robust third-quarter earnings of $7.55 billion, exceeding Wall Street expectations, fueled by increased production in Guyana and the Permian Basin. The company reported net production of 4.7 million oil-equivalent barrels per day, with Guyana surpassing 700,000 barrels and the Permian Basin achieving nearly 1.7 million barrels per day. Despite a slight revenue shortfall, Exxon's earnings per share outperformed projections, as the oil industry reacts to recent geopolitical tensions affecting prices.
Source: YAHOO