Company’s third quarter results smash Wall Street forecasts amid soaring oil and gas prices
Oil company ExxonMobil has reported a quarterly profit of nearly $20bn (£17.3bn), $4bn more than analysts had forecast, almost matching the earnings of tech giant Apple.
The US oil giant’s $19.7bn profit for the third quarter smashed expectations, and even outstripped the record $17.9bn it reported for the previous quarter, as it became the latest fossil fuel producer to enjoy soaring earnings, a day after Shell announced global profits of $9.5bn between July and September.
