Exxon Q4 Earnings Poised to Exceed Pre-Pandemic Level

The higher earnings outlooks lifted Exxon shares 3.8% on Jan. 3 to $63.51 on top of Friday's less than 1% gain. The stock rose 48% last year but remains below where it traded two years ago.

Sabrina Valle, Reuters

Exxon Mobil Corp.'s fourth quarter profit should top Wall Street's consensus and surpass its pre-pandemic levels, lifted by better-than-expected earnings from oil and gas, analysts said.

Credit Suisse, Scotiabank and JPMorgan have raised their fourth quarter earnings estimates following Exxon's flagging of sharply higher oil and gas operating profit last week. Official results are due on Feb. 1.

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