Exxon posts $9.1 billion net, down from year-ago, up 15% from 2Q

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Exxon Mobil Corp on Friday posted a $9.1 billion third-quarter profit, an about 54% drop from record earnings a year ago but up from the prior quarter as oil...

FILE PHOTO: The Exxon logo is displayed above the floor of the New York Stock Exchange shortly after the opening bell in New YorkHOUSTON - Exxon Mobil Corp on Friday posted a $9.1 billion third-quarter profit, an about 54% drop from record earnings a year ago but up from the prior quarter as oil prices recovered.

Third quarter profit was $2.25 a share compared to $4.68 in the same quarter a year ago when oil and gas prices climbed following Russia's invasion of Ukraine. Warren Buffett is set to indirectly bet on a tiny nation that's the world's fastest-growing economy and an emerging oil superpower

 

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