Title: Exxon and Chevron Smash Estimates!
Post by: PocketOption on Nov 01, 2022, 10:15 am
Post by: PocketOption on Nov 01, 2022, 10:15 am
Exxon and Chevron Smash Estimates!
Source: Exxon and Chevron Smash Estimates! (https://www.orbex.com/blog/en/2022/10/exxon-and-chevron-smash-estimates)
ExxonMobil reported a record quarterly profit of nearly $20bn on Friday.
The largest US oil company's results were echoed at rival Chevron, who had a Q3 profit of $11.2bn.
These results were almost triple what was earned a year ago.
Will earnings be affected by supposed windfall taxes being added in 2023, or will high inflation keep the oil giants propelled?
Timestamps
XOM 01:35
CVX 03:05
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Source: Exxon and Chevron Smash Estimates! (https://www.orbex.com/blog/en/2022/10/exxon-and-chevron-smash-estimates)