Exxon Rides Plastics Boom to Highest Profit in More Than 2 Years
- Cash flow lifted by surging demand for oil, gas and chemicals
- Performance cements oil titan’s post-pandemic recovery
Photographer: Dean Mouhtaropoulos/Getty Images
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Exxon Mobil Corp. posted the highest profit in two years as prices for commodities and chemicals surged amid strong consumer demand for plastics.
Exxon posted adjusted earnings of $1.10 a share in the second-quarter, the highest in more than two years and above the 97-cent average estimated among analysts in a Bloomberg survey. Chemical profits were the highest on record.