StockWatch: ExxonMobil Predicts Boost in Earnings!

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ExxonMobil recently expressed optimism over the significantly higher oil and gas prices contributing to its upcoming Q3 earnings.

The company estimates around $600m of advancement in earnings thanks to improved refining margins.

BP commenced production at its Thunder Horse South Expansion phase 2 project in the Gulf of Mexico.

The field’s initial two wells will add an average gross production of 25,000 barrels of oil equivalent per day.

Timestamps:

  • XOM 02:00
  • BP 03:10

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