Exxon Profits Rise Along With Crude Oil Cost

FILE – Shown is a sign from an Exxon gas station in Philadelphia on April 28, 2021. Exxon Mobil Corp. reported second-quarter profit of $17.85 billion on Friday, July 29, 2022. The Irving, Texas-based company said it had earnings of $4.21 per share. Earnings, adjusted for one-time gains, were $4.14 per share. Results exceeded Wall Street’s expectations, but Exxon does not adjust its reported results based on one-off events such as asset sales. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $3.80 per share. (AP Photo/Matt Rourke, File)