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Exxon Mobil And Chevron Diverge With Q2 Earnings. Exxon Scores First Profit Increase In 4 Quarters.

KIT NORTON
·8-min read
Exxon Mobil And Chevron Diverge With Q2 Earnings. Exxon Scores First Profit Increase In 4 Quarters.

Exxon Mobil reported better-than-expected second-quarter earnings and revenue early Friday, as the U.S. supermajor booked its first profit increase after four quarters of decline. Meanwhile, Chevron saw second-quarter results underperform analyst forecasts. Exxon Mobil second-quarter earnings came in at $2.14 per share, 10% higher compared to a year ago, as revenue totaled $93.06 billion, representing a 12% increase vs. 2 2023.

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