The oil and gas sector is enjoying bumper earnings on the back of rising demand.
Its executives may be a long way from the top of Greta Thunberg’s Christmas card list, but Exxon’s shareholders will be racing into the festive season with large smiles on their faces and a rousing “Ho, ho, ho”.
The company smashed Wall Street expectations with its third-quarter numbers, posting record net profits of $19.66bn, coming just a whisper shy of Apple’s $20.7bn for the same period. ..If you have already registered or subscribed, please sign in to continue.
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