Exxon Profit Surpasses Expectations on Natural Gas Export Surge
- Oil giant’s earnings to exceed record $50 billion this year
- Exxon CEO Darren Woods tripled share repurchases in April
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Exxon Mobil Corp. posted the highest profit in its 152-year history as natural gas demand and prices surged, following similarly strong results from European peers Shell Plc and TotalEnergies SE.
Third-quarter per-share profit of $4.68 exceeded $3.89 median estimate from analysts in a Bloomberg survey. Net income of $19.7 billion surpassed the all-time high of $17.6 billion amassed during the second quarter.