ExxonMobil’s profit doubles in Q2

US energy giant and LNG player ExxonMobil said Friday second-quarter profit doubled on higher oil and gas prices.

The Irving, Texas-based company earned $3.4 billion, or 78 cents a share in the second quarter, compared with $1.7 billion, or 41 cents a share, in the year-ago period.

According to Reuters, analysts expected earnings of 84 cents per share.

ExxonMobil’s production dropped 1 percent to 3.9 million barrels of oil equivalent per day in the quarter under review.

“These solid results across our businesses were driven by higher commodity prices and a continued focus on operations and business fundamentals,” said Darren Woods, chief executive of ExxonMobil.

“Our job is to grow long-term value by investing in our integrated portfolio of opportunities that succeed regardless of market conditions,” he added.

 

Share this article

Follow LNG World News

Events>

<< Jan 2019 >>
MTWTFSS
31 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >

Gas to Power APAC Congress 2019

The Gas to Power APAC Congress will bring together regional government officials and senior representatives from regulators…

read more >

2nd CWC Japan LNG & Gas Summit

The highly successful CWC Japan LNG & Gas Summit returns for a second year from 19-20 February 2019 in Tokyo, Japan…

read more >

Global LNG Forum 2019

Global LNG Forum is your opportunity to see what the future of LNG will be like…

read more >