ExxonMobil announced earnings of $4.7 billion in the second quarter, up from a loss of $1.1 billion in the same quarter last year, according to the company’s press release.

  • The company’s diluted EPS was $1.1 in the quarter, up from a loss position of $0.7 reported in the second quarter of 2020.
  • The earnings were reported from a revenue of $67.7 billion in the second quarter, up from $32.6 billion reported in the same quarter last year.  
  • Increased maintenance activity drove oil-equivalent production in the second quarter down 2% to 3.6 million barrels per day.

ExxonMobil signed an agreement for the sale of Santoprene, its chemical business at a value of $1.15 billion, which will be closed in the fourth quarter.

XOM: NYSE is down -2.05%.