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The Guardian - UK

Business

Joanna Partridge

ExxonMobil’s record-breaking $20bn profit nearly matches Apple’s

ExxonMobil Apple Exxon Oil Gas Prices Shell

The ExxonMobil oil refinery during sunrise at Port-Jerome-sur-Seine, France. — ExxonMobil oil refinery at sunrise at Port-Jerome-sur-Seine, France. Photograph: Pascal Rossignol/Reuters

The US oil supermajor ExxonMobil has reported a quarterly profit of nearly $20bn (£17.3bn), $4bn more than analysts had forecast, almost matching the earnings of the tech giant Apple.

Exxon’s $19.7bn profit for the third quarter outstripped the record $17.9bn it reported for the previous quarter, as it became the latest fossil fuel producer to enjoy soaring earnings, a day after Shell announced global profits of $9.5bn between July and September.

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