Inwestowanie.com — Exxon Mobil (NYSE:) reported third-quarter earnings topped analysts’ estimates, while revenue was below expectations.
The energy giant reported third-quarter earnings per share (EPS) of $1.92, slightly above the consensus estimate of $1.89.
Quarterly revenue came in at $90.02 billion, missing analysts’ forecast of $94.24 billion.
Exxon shares rose about 1% in pre-market trading on Friday.
The company said its capital and exploration expenditures were $7.2 billion in the third quarter, bringing its total spending for 2024 to $20 billion so far, matching its full-year target of $28 billion.
Operating cash flow was $17.6 billion and free cash flow was $11.3 billion.
“We had one of our best third quarters in a decade,” said Darren Woods, president and CEO of Exxon Mobil.
“Our industry-leading results continue to demonstrate how our enterprise-wide transformation is improving the structural earnings strength of the company,” he added.
Exxon also raised its quarterly dividend by 4.2% to 99 cents per share.
