- Exxon posted Q3 adjusted earnings that beat Wall Street expectations, driven by surging gasoline and diesel prices that lifted refining results to an all-time high.
- Exxon raised its quarterly dividend alongside the Q3 report.
- Exxon shares rose 1.5% pre-market on the results.
- CEO Darren Woods told CNBC the company plans to invest more than $100 billion over the next few years to augment global energy supplies.
- Woods addressed possible criticism of war-driven windfall profits, urging critics to weigh the broader context as record diesel prices lift profits.
Quotes
“plans to invest more than $100 billion over the next few years to help augment global energy supplies”
“keep the bigger picture in mind”
“beat Wall Street expectations”