5 October 2022 | Other

Exxon earnings rise

Exxon Mobil Corp reported strong operating profits in the third quarter after a record high the previous quarter. The profit growth was driven by natural gas revenues that were able to offset lower profits in other refining and chemicals businesses.

Exxon and its competitors have posted skyrocketing profits this year due to sharp increases in energy prices and demand, helped by cost cutting. 

Exxon said in a report on individual divisions that natural gas boosted its operating result by about $2 billion, thereby smoothing out a decline of about $1.6 billion in oil profits. Oil and gas pumping profits could be about $13 billion, compared with Wall Street's forecast of $10.1 billion in operating profit.

Company MarketCheese
Brent sell
Period: 15.09.2025 Expectation: 100 pips
Selling Brent down to $66.10 per barrel
05 September 2025 206
Period: 12.08.2025 Expectation: 1300 pips
GBPUSD gains as markets await US employment data
05 September 2025 185
Period: 11.09.2025 Expectation: 500 pips
AUDCAD eyes 6-month high upon breaking 0.9 resistance
05 September 2025 180
Brent sell
Period: 12.09.2025 Expectation: 215 pips
Brent is poised for short-term rebound
05 September 2025 181
Period: 11.09.2025 Expectation: 42000 pips
Buying ETHUSD targeting $4,790 as price eyes upper channel breakout
04 September 2025 221
Brent sell
Period: 31.10.2025 Expectation: 175 pips
Selling Brent from $68.6
04 September 2025 61
Go to forecasts