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Exxon is showing a positive trend today (+ 0.81%), after communicating the numbers for the third quarter of 2021. A period that showed the best result obtained since 2017 and has largely exceeded analysts’ estimates.
The US oil company posted an adjusted earnings of $ 1.58 per share, exceeding Refinitiv’s estimates by two cents, with results improving thanks to oil and gas prices that have more than doubled over the past year.
Figures recorded in the third quarter reflect soaring natural gas prices, improving refining margins and supply shortages that pushed oil to a three-year high during the quarter. Crude oil prices continued to rise to nearly seven-year highs.