Exxon Mobil Corporation’s third-quarter adjusted earnings came in at $4.45 per share, surpassing the Zacks Consensus Estimate of $3.88 (as reported in Zacks Equity Research). The figure is also higher from the year-ago quarter’s $1.58.
The oil company’s revenues rose to $112,070 million (from the year-ago quarter’s $73,786 million), but missed the Zacks Consensus Estimate of $115,188 million (as reported in Zacks Equity Research).
Exxon Mobil’s upstream operations reported quarterly earnings of $12,419 million, improving from $3,951 million in the year-ago quarter, on the back of higher commodity prices. Total production averaged 3,716 thousand barrels of oil equivalent per day (MBoe/d), compared to 3,665 MBoe/d a year ago.
The company announced a fourth-quarter dividend of 91 cents per share, (an increase from the last paid dividend of 88 cents), payable on Dec 9.