Here’s Why Analysts Expect Record-High Earnings For ExxonMobil

Surging prices for plastics are likely to help Exxon's petrochemicals division post record-high earnings this week when the company reports its earnings. Items like flooring, roofing and packaging all saw demand remain firm throughout the pandemic. This helped keep a bid under the price of the commodity while the "lockdown trade" pulled the rug out from under the bid of other items, like vacations and corporate real estate.

Chemical ingredients like polyethylene and polyvinyl chloride used to make plastics have seen record-high prices this year.…