Exxon Mobil (XOM) shares were soaring 4% higher in the early trading session today after the biggest U.S. oil giant posted the highest profit ever recorded in its history in any given quarter. The stellar second-quarter results were driven by sky-high oil prices, higher production, realizations, and margins, as well as tightened cost control initiatives. XOM’s Stellar Q2 Beat The company reported stellar quarterly earnings of $4.14 per share, significantly higher than analysts’ estimates of $3.89 per share. Notably, EPS almost quadrupled compared to the $1.14 per share reported in the prior-year period. To add to that, revenue climbed a whopping 70.8% to $115.
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Exxon Mobil (NYSE:XOM)
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