All Gas No Brakes ⛽ 📈
Rising gas prices are raising all gas giants… and that’s certainly evident from Exxon’s earnings recorded today. The company posted better-than-expected earnings, with revenue up +80% YoY.
Exxon beat earnings estimates with EPS of $2.05 (compared to estimates of $1.93.) Revenue came up short at $84.97 billion (compared to estimates of $91.85 billion.) However, the oil giant booked more than $84 billion in cash flow from its operations; its highest figure since 2012.