Reported 25 days ago
Exxon Mobil Corp. exceeded analysts' forecasts with a third-quarter earnings of $1.92 per share, benefiting from increased oil production in the U.S. Permian Basin despite declining crude prices. The company remains the leading oil major this year, demonstrating robust production growth compared to rivals, and successfully managing costs. Exxon has also raised dividends for the 42nd consecutive year and maintains a strong position with substantial cash reserves, making it well-prepared for future market fluctuations.
Source: YAHOO