Exxon Mobil (NYSE:XOM) shares are up in the pre-market session today after the company delivered robust third-quarter numbers.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Revenue surged a whopping 51.9% year-over-year to $112.07 billion, comfortably outperforming estimates by $9.1 billion. EPS at $4.45 too, came in ahead of expectations by $0.65.
A combination of higher volume, cost control and superior natural gas realizations helped Exxon offset lower crude realizations and low industry refining margins. Consequently, the company boosted its cash flow from operations by $24.4 billion during this period.
Further, it has signed the largest of its type agreement to capture and store about 2 million metric tons of CO2 a year.
Read full Disclosure
