HOUSTON, (Reuters) – Exxon Mobil Corp XOM.N today signaled earnings from its oil and gas output will rise as much as US$3.3 billion in the second quarter.
The largest U.S. oil producer projected a sequential increase of between US$2.5 billion and US$3.3 billion from pumping oil and gas in a securities filing that provides a summary of factors influencing the period. Exxon posted a $4.49 billion operating profit from oil and gas output in the first quarter.
Analysts tracked by IBES Refinitiv forecast a per share profit of $2.99, up from $1.10 in the same quarter a year ago. Official results for the period will be released on July 29, according to a securities filing.
