Exxon profits smashed as production in Guyana, Permine sets record – NBC New York

ExxonMobil on Friday posted its second-highest second-quarter results in a decade, posting record production in Guyana and the Permian Basin.

Here are Exxon’s second-quarter earnings results compared with Wall Street expectations, based on an analyst survey by LSEG:

• Earnings per share: $2.14 vs. $2.01 expected

Exxon reported net income of $9.2 billion, or $2.14 per share, while production rose 15 percent, or 574,000 barrels per day, driven by record production in Guyana and the Permian region.

The oil giant reported a profit of $17.5 billion in the first half of the year, down 9% from $19.3 billion in the same period in 2023, a result of lower refining margins and natural gas prices.

Exxon shares are up nearly 17% since the start of 2024.

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