U.S. supermajors ExxonMobil and Chevron both reported their highest-ever quarterly profits on Friday as oil and gas prices rallied and refining margins jumped to multi-year highs in the second quarter. ExxonMobil (NYSE: XOM) beat analyst expectations and booked second-quarter earnings of $17.9 billion, or $4.
21 per share assuming dilution. This is nearly quadruple the $4.69 billion earnings for the second quarter last year, and more than triple the earnings from the first quarter of this year. Exxon’s per share earnings easily beat the analyst…Exxon And Chevron Smash Profit Records
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