A profitable Exxon emerges as global economy rebounds

Published October 29, 2021 7:07 AM

By MICHELLE CHAPMAN
AP Business Writer

Exxon Mobil swung to a hefty profit in its third quarter, thanks to increased demand for oil and higher prices. The oil and natural gas company company earned $6.75 billion, or $1.57 per share. A year earlier it lost $680 million, or 15 cents per share. Stripping out certain items, earnings were $1.58 per share. Exxon does not adjust its reported results based on one-time events such as asset sales. Analysts surveyed by Zacks Investment Research were calling for earnings of $1.57 per share.

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