Exxon flags huge benefits from second quarter oil and gas yield

By Sabrina Valle

HOUSTON, July 1 (Reuters) – Exxon Mobil Corp XOM.N on Friday flagged profit from its oil and gas result will ascend as much as $3.3 billion in the subsequent quarter.

The biggest U.S. oil maker extended a consecutive increment of between $2.5 billion and $ 3.3 billion from siphoning oil and gas in a protections recording that gives a synopsis of elements impacting the period. Exxon posted a $4.49 billion working benefit from oil and gas yield in the primary quarter.

Experts followed by IBES Refinitiv gauge a for every offer benefit of $2.99, up from $1.10 in a similar quarter a year prior. Official outcomes for the period will be delivered on July 29, as indicated by a protections recording.