More than a year after an activist investor-led shake-up, Exxon Mobil has ticked a lot of boxes to endear itself to its shareholders. Now, the company is on a broader charm offensive.
Exxon Mobil on Friday said it generated nearly $16.9 billion in free cash flow in the second quarter, the highest since 2008 and roughly $900 million more than analysts polled by Visible Alpha had expected. Its peer Chevron generated $10.6 billion of free cash flow, exceeding analyst estimates by more than $1 billion. The oil supermajors’ share prices jumped roughly 5% and 9%, respectively.
Source: finance.yahoo.com
Related posts:
3 Pipeline Stocks To Watch As Permian Ramps Up Gas Output
Should You Buy Shiba Inu While It's Still Below One Cent?
Technical Assessment: Bearish in the Intermediate-Term
‘We get hundreds of thousands of dollars in royalties’: My late father left his investments to me an...
Oil Tanks Are Running Dry at Biggest US Crude Storage Hub