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Exxon Mobil is expected to unveil another quarter of monster profits powered by high natural gas prices next week.  It is currently on track for a record annual profit of $54.8bn this year, which would be more than its cumulative earnings since 2018.  The company’s shares have surged to record highs this week, and are up more than 70 per cent to date this year – vastly outperforming market gains from rivals Shell, BP and Chevron.  The share rise has given the fossil fuel producer a market value of $438bn, making it the 10th highest valued public company in the world.

Exxon Mobil to unveil monster profits powered by oil and gas boom

< 1 minute read

Exxon Mobil is expected to unveil another quarter of monster profits powered by high natural gas prices next week.  It is currently on track for a record annual profit of $54.8bn this year, which would be more than its cumulative earnings since 2018.  The company’s shares have surged to record highs this week, and are up more than 70 per cent to date this year – vastly outperforming market gains from rivals Shell, BP and Chevron.  The share rise has given the fossil fuel producer a market value of $438bn, making it the 10th highest valued public company in the world.

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