HomeBusiness & MoneyExxon Reports Highest Profit in Its History, Raises Dividend

Exxon Reports Highest Profit in Its History, Raises Dividend




Exxon


Mobil, the biggest U.S. energy company, reported the highest profits in its 152-year history on Friday.

The oil and gas giant said adjusted third-quarter earnings were $18.7 billion, or $4.45 per share, on revenue of $112 billion. Analysts were expecting adjusted earnings per share of $3.86 and revenue of $105 billion, according to FactSet data. It was the second consecutive quarter of bumper profits for the firm, which has benefited from increases in energy prices this year.



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