Trending: Exxon Mobil Earnings Beat Estimates
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Dow Jones
1405 ET -- Exxon Mobil is one of the most mentioned companies in the U.S. across all news items in the past 12 hours, according to Factiva data. Exxon topped second-quarter estimates as its profit increased on higher production. Upstream total net production grew 15% from the first quarter, including gains in Guyana and the Permian Basin. Revenue jumped to $93.06 billion, ahead of analysts' estimate of $90.09 billion. The favorable results were "underpinned by a robust global portfolio transformed in both quality... and cost," analysts at Piper Sandler said. Dow Jones & Co. owns Factiva. (matthew.walker@dowjones.com)
(END) Dow Jones Newswires
August 02, 2024 14:40 ET (18:40 GMT)
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