ExxonMobil posts another record profit as oil prices remain high | CNN Business
Markets Fear & Greed Index Latest Market News America’s largest oil company ExxonMobil set a profit record for the second-straight quarter as oil and gas prices remained high. No. 2 US oil company Chevron also posted much-better-than-expected results. ExxonMobil earned $18.7 billion, excluding special items, up 6% from the second quarter results which had been the record and up 177% from a year ago. Earnings per share of $4.45 soared past the $3.79 forecast by analysts surveyed by Refinitiv. Chevron (CVX), the nation’s second largest oil company, also reported a huge jump in income that easily topped forecasts. Adjusted earnings of $10.8 billion were nearly double the $5.7 billion it made a year ago. But it was slightly lower than the $11.4 billion it earned on that basis in the second quarter. Earnings per share of $5.56 easily topped the forecast of $4.81. The oil companies have been posting staggering profits since Russia’s invasion of Ukraine sent oil and gasoline prices soaring wo
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### Response: Markets Fear & Greed Index Latest Market News America’s largest oil company ExxonMobil set a profit record for the second-straight quarter as oil and gas prices remained high. No. 2 US oil company Chevron also posted much-better-than-expected results. ExxonMobil earned $18.7 billion, excluding special items, up 6% from the second quarter results which had been the record and up 177% from a year ago. Earnings per share of $4.45 soared past the $3.79 forecast by analysts surveyed by Refinitiv. Chevron (CVX), the nation’s second largest oil company, also reported a huge jump in income that easily topped forecasts. Adjusted earnings of $10.8 billion were nearly double the $5.7 billion it made a year ago. But it was slightly lower than the $11.4 billion it earned on that basis in the second quarter. Earnings per share of $5.56 easily topped the forecast of $4.81. The oil companies have been posting staggering profits since Russia’s invasion of Ukraine sent oil and gasoline prices soaring wo