, despite energy crises in Europe and China and widespread concern about inflation and supplies of fossil fuels. The crucial question for executives at both companies when they appear on their respective conference calls with analysts later on Friday will be whether some of additional cash goes into boosting crude and gas production in 2022.Article content
Exxon earned US$1.58 a share during the third quarter, compared with the US$1.56 average estimate among analysts in a Bloomberg survey. Net income, excluding some one-time gains and losses, reached US$6.8 billion, the most since 2014. The company lost US$650 million a year earlier.
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