ExxonMobil Q3 earnings beat expectations on higher refining margins
XOM ExxonMobil Holdings Corp
$164.47 -0.16%
View chart & analysis → - 1ExxonMobil reported adjusted earnings per share of $4.23 for the third quarter, exceeding the Bloomberg consensus estimate of $4.13.
- 2ExxonMobil's total earnings increase due to rising refining margins was approximately $4.5 billion.
- 3ExxonMobil plans to pay $4.3 billion in dividends and repurchase $5.1 billion worth of shares.
So what's the key point?
ExxonMobil earned more money than experts expected because the profit from refining oil increased. The company plans to use its earnings to pay dividends to shareholders and buy back its own stock.
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