ExxonMobil (XOM) posted second quarter earnings that topped Wall Street expectations on Friday despite oil prices (CL=F, BZ=F) falling to a new seven-month...
) falling to a new seven-month low. ExxonMobil Chief Financial Officer Kathryn Mikells joins Market Domination to break down the oil and gas company 's performance amid the current economic backdrop.
And China and Exxonmobil is fresh off results that beat estimates on earnings and revenue for the second quarter.So I just wanna talk about the backdrop a little bit here because we do have this sort of shifting sentiment that's reflected in risk, assets and stocks and oil um shifting sentiment around the Federal Reserve and economic growth.
And so just this quarter, we saw our earnings increase a billion dollars relative to the last quarter. And that 2025 we'll see yet another build on top of that in terms of overall demand and that's really driven in large part by countries trying to address energy poverty, right?
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