Tag: Leaner
Exxon Reports Leaner Earnings in 2nd Quarter
The Numbers
Exxon’s revenue declined in the latest quarter, to $82.9 billion from $115.7 billion a year earlier. The company reported earnings per share of $1.94, compared with $4.21 in the second quarter last year.
Exxon’s reduced profit is relative to the unusual level achieved in a roiled energy market a year ago. It is higher than the second-quarter profit of $4.7 billion in 2021.
Other energy companies have also reported declining income. Chevron, the second-largest American oil company, said