澳洲幸运5开奖号码历史查询

ExxonMobil Posts Revenue, Profit Increases on Highest Production Since Merger

By
澳洲幸运5开奖号码历史查询:Aaron McDade
Aaron McDade Headshot
澳洲幸运5开奖号码历史查询:Full Bio
Aaron McDade is a breaking news reporter for Investopedia. He is an experienced journalist who has covered everything from the latest in business and tech news to sports and international news like the war in Ukraine for respected outlets like Business Insider and Newsweek.
Learn about our 澳洲幸运5开奖号码历史查询:editorial policies
Published August 02, 2024
ExxonMobil headquarters sign

Brandon Bell / Getty Images

Key Takeaways

  • ExxonMobil reported better-than-expected second-quarter revenue and net income Friday thanks to higher production and oil prices.
  • The company said it reached its highest production levels since the 1999 merger of Exxon and Mobil.
  • The nearly $60 billion acquisition of Pioneer Natural Resources was also closed during Q2, contributing about $500 million to ExxonMobil's earnings during May and June.

ExxonMobil (XOM) posted second-quarter results well abo🍸ve analysts' expectations Friday as record production levels and higher oil prices boosted the company's res🔜ults.

The Texas-based energy giant reported a 12% year-over-year revenue increase to $93.06 billion, and a 17% profit bump to $9.24 billion, both easily surpassing estimates compiled by Visible Alpha.

ExxonMobil Hits Highesꦜt Production Levels Since 19🐼99 Combination

The company said it produced its highest levels of oil 澳洲幸运5开奖号码历史查询:since the 1999 merger that brought Exxon and Mobil together, with 4.4 million oil-equivalent barrels per day produced in the quarter, 15% above ExxonMobil's 澳洲幸运5开奖号码历史查询:Q1 production.

ExxonMobil's 澳洲幸运5开奖号码历史查询:acqu🌺isition of Pioneer Natural Resources, valued at nearly $60 billion, 澳洲幸运5开奖号码历史查询:closed during the quarter, 🐽and the company said it contributed an estimated $500 million to its earnings during May and June🦩.

ExxonMobil shares rose less th♑an 1% ✅to $117.57 soon after the opening bell Friday.

Article Sources
Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.

  1. ExxonMobil. "."

Compare Accounts
The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace.
Read more

Related Articles

Broadcom headquarters.
Broadcom Posts Record Quarterly Revenue, 'Driven by Robust Demand for AI'
A white car is seen parked at a Mobil gas station.
ExxonMobil's Profits Top Estimates on Highest Production in a Decade
Broadcom Corporation
What Ana𒊎lysts Think of Broadcom Stock Ahea♚d of Earnings
NIO vehicles.
NIO Stock Slum🏅ps as Chinese EV Maker 🐓Posts Wider-Than-Expected Loss
People walk in front of the Macy's Herald Square store on May 15, 2025 in New York City
Macy's Profit Tops Estimates But Retail Giant Warns About Tariffs
People walk by a Michael Kors store in Lisbon, Portugal.
Michael Kors Owner Capri Posts Wider-Than-Estimated Q4 Loss, Lowers Outꦬlook
Cars and people are seen outside a Burlington store.
Burlington Expects 'Significant Pressure' From Tariffs as Profits Top Estimates
An Airstream trailer during a Great American Road Trip Expo hosted by the Department of Transportation (DOT) in Washington, DC, on May 29, 2025
RV Maker Thor Industries Tops Estimates on North America Sale🙈s, Cost Contr🎶ols
Nvidia sign
Nvidia's Revenue Hits Record High, But China Sales Restrictions Squeeze Profits
The Toro Company logo is seen displayed on a smartphone screen
Lawnmower Maker Toro Cuts Full-Year Forecasts on 'Anticipated Tariff Impacts'
The red Ciena logo is seen on a phone screen, with a stock chart in the background.
Ciena Stock Tumbles as Incentive Compensa🥃tion Drives Profit Bel🔥ow Estimates
A Zales Jewelers store, owned by Signet, in New York.
Signet Jewelers 💟Stock Jumps as Q1 Results, Outlook Beat Estimates
The black and yellow Dollar General logo is seen on a sign above the entrance to a building.
Dollar General Leads S&P Gainers on Retailer's Solid Results, Raised Outlook
Ferguson Enterprises logo is seen displayed on a smartphone screen
Ferguson Stock Soars on HVAC Equipment Maker's Strong Results, Lifted Outlook
Costco warehouse
What An𓂃alysts Think of Costco Stock Ahead of Earnings
CrowdStrike office.
CrowdStrike Stock Slides After Hitting A𝔍ll-Time High as Reꦆvenue Forecast Disappoints