ExxonMobil Posts Biggest Quarterly Profit in Four Years but Falls Short of Street Estimates
ExxonMobil reported adjusted second-quarter earnings of $14.7 billion, or $3.52 per share, its largest quarterly profit in four years but below the LSEG consensus of $3.60 per share. Higher oil prices and stronger refining margins helped drive results, while production disruptions in the Middle East and a prior-quarter hedging loss shaped the quart…