Exxon Mobil posts $9.1-billion third-quarter profit as oil prices recover

📆 10/27/2023 10:57 AM
📰 globeandmail

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Exxon’s reported profit was about 54% lower from the record earnings posted a year ago, but up from the prior quarter

on Friday posted a $9.1-billion third-quarter profit, an about 54 per cent drop from record earnings a year ago but up from the prior quarter as oil prices recovered.

Its bouyant results has led to two all-stock deals: for shale rival Pioneer Natural Resources and for carbon pipeline operator Denbury, both struck as shares traded near an all-time record.

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