Exxon Posts Record Q1 Earnings Beating Forecasts ...Middle East

OILPRICE - Economy

ExxonMobil (NYSE: XOM) easily beat the consensus estimates as it reported on Friday record first-quarter earnings that were more than double compared to a year ago as higher oil and gas production offset lower commodity prices. Exxon reported record first-quarter earnings of $11.4 billion, double from the $5.48 billion for the first quarter of 2022 and down from $12.75 billion for the fourth quarter of 2022. The per-share earnings of $2.79 for the first quarter of 2023 beat The Wall Street Journal consensus estimate of $2.60. …

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