Exxon Mobil’s third quarter oil profits to jump on strong prices

Exxon Mobil said on Wednesday big increases in oil and gas prices would lift third-quarter earnings by between $1.1 billion and $1.9 billion, compared with the second quarter. Exxon’s snapshot of operating profits, delivered in a securities filing after the market close, is another sign the energy industry’s run of high profits has continued. The largest … Read more

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