Company Of The Day: Exxon Mobil
What?
Exxon Mobil (NYSE:XOM) published stronger than expected Q3 2021 earnings of $1.58 per share, compared to a loss of about $0.18 per share in Q3 2020. While Revenues also jumped about 60% year-over-year to $73.8 billion, they fell slightly short of estimates.
Why?
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The strong earnings were driven by robust demand, higher oil prices, and operational improvements.
So What?
Exxon stock rose by about 2% in Monday’s trading.
See Our Complete Analysis For Exxon Mobil
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