Exxon Mobil and Chevron Anticipate Strong Q3 Earnings Amid Rising Oil Prices
Energy giants Exxon Mobil (XOM) and Chevron (CVX) are preparing to release their third-quarter financial results this Friday. Market analysts anticipate significant year-over-year growth for both companies, driven by a recent rally in crude oil prices and geopolitical tensions involving Iran. Exxon Mobil is specifically projected to see a substantial surge in profitability, with earnings per share expected to reach $4.03—a 114.4% increase compared to the previous year. Revenue for the company is also forecasted to climb by 24.3%, reaching approximately $106.02 billion.
Topics: earnings per share quarterly earnings revenue forecast
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Part of the story ExxonMobil Increases Dividend by 3.9% Amid Surging Free Cash Flow (4 articles)