If there was any doubt left in your mind whether or not the oil and gas industry is literally running like greased lightning nowadays, it has been reported that ExxonMobil is still seeking out new M&A opportunities - even after the firm's massive $60 billion acquisition of Pioneer.
But it likely won't matter heading into the back end of 2023 with geopolitical tensions on the rise and a consistent bid likely under the price of crude well into 2024. Here is what the company reported for Q3 Total revenues & other income $90.76 billion, beating estimates $88.81 billion Adjusted EPS $2.27 vs. $4.45 y/y, missing estimates of $2.37 Total Q3 earnings $9.1BN, up $1.2BN from Q2 Upstream adjusted net income $6.14 billion, -48% y/y, beating estimates of $6.