Exxon posts $4.7B in profit as demand for fuel rebounds
ABC News
Exxon Mobil reported profits of $4.69 billion in the second quarter, when demand for fuel recovered from lows reached earlier in the pandemic
NEW YORK -- Exxon Mobil swung back to a profit and topped expectations on profit and revenue as during the second quarter as demand for fuel recovered from lows reached earlier in the pandemic. Net income reached $4.69 billion, or $1.10 per share, after the company reported a loss last year during mass shutdowns to limit the spread of the virus. That easily topped the $1.02 per share that Wall Street was looking for, according to a survey by Zacks Investment Research . Revenue at the Irving, Texas, company was $67.74 billion, roughly double last year's revenue during the same period and also better than the expectations of $63.73 billion from industry analysts.More Related News