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ExxonMobil 3Q Profit Soars 41% On Higher Prices, Refining Margins
Oct. 27, 2011 07:14PM PST
Oil and Gas Investing
Rigzone reported that ExxonMobil’s (NYSE:XOM) quarter three earnings are up by 41% as it continues to benefit from rising oil prices and stronger refining margins.
Rigzone reported that ExxonMobil’s (NYSE:XOM) quarter three earnings are up by 41% as it continues to benefit from rising oil prices and stronger refining margins.
As quoted in the market news:
ExxonMobil reported a profit of $10.33 billion, or $2.13 a share, up from $7.35 billion, or $1.44 a share, a year earlier. Revenue increased 32% to $125.33 billion. Analysts polled by Thomson Reuters most recently forecast earnings of $2.12 a share on revenue of $113.56 billion.