Exxon Mobil (XOM), the leading U.S. oil company, said its third-quarter net profit was $14.83 billion, or $2.86 per share, up from $9.41 billion, or $1.70, a year earlier.
The company's earnings were buoyed by oil prices, which reached record highs in the quarter before declining. Oil prices were trading at $140.97 a barrel at the beginning of the third quarter, and had fallen to $100.64 at the end.
TVNL Comment: What this article did not mention is that production and demand were down during this period. Think about that!
US employers unexpectedly lost 23,000 jobs in July and gains for the previous two months were...
The long legal battle to erase the debts of nearly half a million federal student loan...
Gas prices are up almost a dollar a gallon since the day Donald Trump took office;...
