Exxon Mobil’s third-quarter profit and revenue declined compared with the same time last year when the company put up enormous numbers, but the oil giant had its strongest ever refinery throughput for the period and raised its quarterly dividend.
FILE - An Exxon gas station in Upper Darby, Pa., Tuesday, April 26, 2022. Exxon Mobil reports earnings on Friday, Oct. 27, 2023.
Exxon Mobil Corp. earned $9.07 billion, or $2.25 per share in the period. That compares with $19.66 billion, or $4.68 per share, a year earlier.Analysts polled by Zacks Investment Research predicted higher earnings of $2.36 per share, but Exxon does not adjust its reported results based on one-time events such as asset sales as most companies do.
“We delivered another quarter of strong operational performance, earnings and cash flows, adding nearly 80,000 net oil-equivalent barrels per day to support global supply," Chairman and CEO Darren Woods said in a statement.for nearly $60 billion. It's the company's largest buyout since acquiring Mobil two decades ago. The deal with Pioneer Natural vastly expands Exxon’s presence in the Permian Basin, a massive oilfield that straddles the border between Texas and New Mexico.
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