Exxon Mobil profit tops Street in 3rd quarter, helped by Pioneer Natural acquisition ...Middle East

Exxon Mobil’s third-quarter profit beat analysts’ expectations, as the oil and gas giant was helped by contributions from Pioneer Natural Resources, a recent acquisition. Exxon earned $8.6 billion, or $1.92 per share, for the three months ended Sept. 30. A year earlier the Spring, Texas-based company earned $9.07 billion, or $2.25 per share. The performance topped Wall Street’s expectations, though Exxon does not adjust its reported results based on one-time events such as asset sales. Analysts surveyed by Zacks Investment Research were calling for earnings of $1.91 per share. Shares rose nearly 2% before the market open on Friday. Revenue totaled $90.02 billion, falling short of Wall Stre

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Exxon Mobil profit tops Street in 3rd quarter, helped by Pioneer Natural acquisition ...Middle East

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