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1 year ago

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Breakingviews - Exxon burns brighter on Permian and Guyana

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Breakingviews - Exxon burns brighter on Permian and Guyana

Exxon Mobil burned brighter in the first quarter, thanks to the Permian Basin and Guyana. The $485 billion oil giant earned $11.4 billion, or twice as much as it did the same period a year ago. Moreover, while the firm continued to shower its investors with cash, sending them $8.1 billion, the company also increased production to 3.8 million barrels of oil equivalent per day, a 4% rise from a year ago.

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Breakingviews - Exxon burns brighter on Permian and Guyana

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Breakingviews - Exxon burns brighter on Permian and Guyana

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