Exxon Expects To Post Strong Q3 Earnings ...Middle East

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Exxon Expects To Post Strong Q3 Earnings
Exxon expects to report strong financial results for the third quarter of the year after smashing previous profit records in the second quarter on the back of the oil and gas price rally. Per a Reuters report citing a snapshot issued by the supermajor, Exxon could book a third-quarter net profit close to its second-quarter record of $17.9 billion. Average oil prices in the third quarter were $98 per barrel of Brent, which was substantially lower than the $109-per-barrel average in the second quarter, but still high enough to boost profits. Natural…

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