Exxon Delivers $9.2 Billion Second-Quarter Profit, Raises Output Target

Summary Exxon raises 2024 oil and gas output goal to 4.3 million bpd Raises capital spending guidance to $28 billion for 2024 Aims to cut cumulative $5 billion in costs through 2027 Aug 2 (Reuters) – Exxon Mobil (XOM.N) on Friday posted a better-than-expected $9.2 billion second-quarter profit based on rising output from its purchase this year … Read more