• Sun. Sep 25th, 2022

Why Exxon Mobil Stock Is Trading Higher Today

ByDylan Wechsler

Jul 29, 2022
Why Exxon Mobil Stock Is Trading Higher Today

Shares of Exxon Mobil Corp XOM are trading higher today following a strong earnings report.

Exxon reported $17.9 billion in total earnings for the second quarter which is an increase from $5.480 billion reported in the first quarter. 

The gas giant also reported earnings per share of $4.140 which beat the estimate of $3.740, according to Benzinga Pro.

Earnings and cash flow benefited from increased production, higher realizations, and tight cost control…Strong second-quarter results reflect our focus on the fundamentals and the investments we put in motion several years ago and sustained through the depths of the pandemic,” Chairman and CEO Darren Woods shared.

Price Action: Shares are up 2.17% this morning as shares hover at 94.65 during today’s pre-market session.

Photo: Courtesy of Yassine Khalfalli on Unsplash



Image and article originally from www.benzinga.com. Read the original article here.