Exxon Mobil posted highest quarterly profit in nearly four years

Tiger Newspress2021-10-29

Exxon Mobil Corp(XOM.N)on Friday posted its highest quarterly profit in nearly four years, powered by surging oil and gas prices and higher margins from motor fuels demand.

The oil major reported a net income of $6.75 billion, or $1.57 per share, in the third quarter, compared with a loss of $680 million, or 15 cents per share, a year earlier.

Its shares rose nearly 1% in premarket trading.

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