Exxon Mobil (NYSE:XOM) shares are up in the pre-market session today after the company delivered robust third-quarter numbers.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Revenue surged a whopping 51.9% year-over-year to $112.07 billion, comfortably outperforming estimates by $9.1 billion. EPS at $4.45 too, came in ahead of expectations by $0.65.
A combination of higher volume, cost control and superior natural gas realizations helped Exxon offset lower crude realizations and low industry refining margins. Consequently, the company boosted its cash flow from operations by $24.4 billion during this period.
Further, it has signed the largest of its type agreement to capture and store about 2 million metric tons of CO2 a year.
Read full Disclosure