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Exxon posts highest quarterly profit in years, but revenue disappoints
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Exxon said Friday that its third-quarter profit was the highest in years as improving demand, higher commodity prices and streamlined operations boosted results.
The company earned $1.58 per share during the period on an adjusted basis, which was ahead of the $1.56 analysts surveyed by Refinitiv were expecting. Revenue totaled $73.79 billion, short of the $76.34 billion the Street was expecting.
«All three of our core businesses generated positive earnings during the quarter,
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