澳洲幸运5官方开奖结果体彩网

ExxonMobil Posts Revenue, Profit Increases on Highest Production Since Merger

By
澳洲幸运5官方开奖结果体彩网:Aaron McDade
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Published August 02, 2024
ExxonMobil headquarters sign

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Key Takeaways

  • ExxonMobil reported better-than-expected second-quarter revenue and net income Friday thanks to higher production and oil prices.
  • The company said it reached its highest production levels since the 1999 merger of Exxon and Mobil.
  • The nearly $60 billion acquisition of Pioneer Natural Resources was also closed during Q2, contributing about $500 million to ExxonMobil's earnings during May and June.

ExxonMobil (XOM) posted second-quarter results well above analysts' expectations Friday as record pr🌱od💖uction levels and higher oil prices boosted the company's results.

The Texas-based energy giant reported a 12% year-over-year revenue increase to $93.06 billion, and a 17% profit bump to $9.24 billion, both easily surpassing estimates compiled by Visible Alpha.

ExxonMobil Hits 📖Highest Production Levels Since 1999🌱 Combination

The company said it produced its highest levels of oil 澳洲幸运5官方开奖结果体彩网:since the 1999 merger that brought Exxon and Mobil together, with 4.4 million oil-equivalent barrels per day produced in the quarter, 15% above ExxonMobil's 澳洲幸运5官方开奖结果体彩网:Q1 production.

ExxonMobil's 澳洲幸运5官方开奖结果体彩网:acquisition of Pioneer Natural Resource💛s, valued at nearly $60 billion, 澳洲幸运5官方开奖结果体彩网:closed during the quarter, and the company said✱ it contributed an estimated $500 million to its earnings during May and 🌌June.

🐻ExxonMobil shares rose less than 1% to $117.💛57 soon after the opening bell Friday.

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  1. ExxonMobil. "."

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