Exxon Beats Estimates as New Guyana Field Helps Lift Production

Image for article Exxon Beats Estimates as New Guyana Field Helps Lift Production
News Source : Financial Post

News Summary

  • Exxon’s adjusted third-quarter profit per-share was 7 cents higher than analysts forecast.
  • Chevron posted an almost 20-cent surprise on Friday.
  • The US supermajors followed European rival Shell Plc in posting stronger-than-expected results.
  • TotalEnergies SE reported profit that was in-line with expectations.
  • BP Plc is scheduled to disclose results next week.
  • For Exxon, eight of the 10 new developments slated for this year have already started up and the remaining two are “on track,” Chief Executive Officer Darren Woods said in a statement.
(Bloomberg) Exxon Mobil Corp. outperformed Wall Street expectations for a sixth consecutive quarter after beginning operations at its fourth oilproduction project in Guyana.THIS CONTENT IS RESERV [+5236 chars]

Must read Articles